Our weekly newsletter, covers all regulatory updates such as SEBI vide circular dated January 10, 2025, issued Procedure for seeking waiver or reduction of interest in respect of recovery proceedings initiated for failure to pay penalty, SEBI vide circular dated January 08, 2025, issued Guidelines for Investment Advisers, SEBI vide circular dated January 06, 2025 issued Measure for ease of doing business – Settlement of Account of Clients who have not traded in the last 30 days, SEBI vide circular dated January 07, 2025 issued Measure for ease of doing business for Credit Rating Agencies (CRAs) – Timelines, SEBI vide circular dated January 08, 2025, issued Guidelines for Research Analysts, SEBI vide circular dated January 10, 2025, Revised and Revamped Nomination Facilities in the Indian Securities Market, RBI vide notification dated January 07, 2025 issued Master Direction - Reserve Bank of India (Non-resident Investment in Debt Instruments) Directions, 2025, IBBI vide circular dated January 10, 2025 issued Mandatory Use of eBKray Auction Platform for Liquidation Processes, IBBI vide circular dated January 09, 2025 issued Extension of time for filing Forms to monitor liquidation and voluntary liquidation processes under the Insolvency and Bankruptcy Code, 2016, and the regulations made thereunder and SEBI Orders and orders passed by High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as SEBI vide circular dated December 30, 2024, issued allowing subscription to the issue of Non-Convertible Securities during trading window closure period, SEBI vide circular dated December 31, 2024, issued Clarifications to Cybersecurity and Cyber Resilience Framework (CSCRF) for SEBI Regulated Entities (Res), MCA vide notification dated December 31, 2024 made amendment in Companies (Accounts) Rules, 2014.

Our weekly newsletter, covers all regulatory updates such as SEBI vide circular dated December 10, 2024, issued revised guidelines for capacity planning and real time performance monitoring framework of Market Infrastructure Institutions (MIIs), SEBI vide circular dated December 10, 2024, issued circular for enhancement in the scope of optional T + 0 rolling settlement cycle in addition to the existing T + 1 settlement cycle in Equity Cash Market, SEBI vide circular dated December 04, 2024, issued Securities and Exchange Board of India (Prohibition of Insider Trading) (Third Amendment) Regulations, 2024, SEBI vide circular dated December 13, 2024, issued relaxation from the ISIN restriction limit for issuers desirous of listing originally unlisted ISINs (outstanding as on December 31, 2023), SEBI vide circular dated December 13, 2024, issued classification of Corporate Debt Market Development Fund (CDMDF) as Category I Alternative Investment Fund, IFSCA vide notification dated December 13, 2024 issued Directions to IBUs for operations of the Foreign Currency Accounts (FCA) of Indian resident individuals opened under the Liberalised Remittance Scheme (LRS).

Our weekly newsletter, covers all regulatory updates such as SEBI vide circular dated November 21, 2024 issued circular on withdrawal of Master Circular on issuance of No Object Certificate (NOC) for release of 1% of Issue Amount, SEBI vide circular dated November 18, 2024, issued circular amendment to Para 15 of Master Circular for Credit Rating Agencies (CRAs) dated May 16, 2024 (“Master Circular”), IFSCA vide notification dated November 22, 2024 issued modifications under the International Financial Services Centres Authority (Anti Money Laundering, Counter – Terrorist Financing and Know Your Customer) Guidelines, 2022, IFSCA vide notification dated November 18, 2024 issued Exemption to certain entities/activities from the applicability of International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022

Our weekly newsletter, covers all regulatory updates such as SEBI on November 11, 2024 issued Circular on trading supported by Blocked Amount in Secondary Market; SEBI on November 11, 2024 issued Circular on procedure for reclassification of FPI investment to FDI; SEBI vide Circular dated November 12, 2024, issued simplified registration for Foreign Portfolio Investors (FPIs); SEBI vide Circular dated November 13, 2024, issued relaxation from certain provisions for units allotted to an employee benefit trust for the purpose of a unit based employee benefit scheme, Alignment of timelines for making distribution by REITs, InvITs and Format of Quarterly Report and Compliance Certificate-Real Estate Investment Trusts (REITs) & Infrastructure Investment Trusts (InvITs); RBI vide Notification dated November 11, 2024 issued operational framework for reclassification of Foreign Portfolio Investment (“FPI”) to Foreign Direct Investment (“FDI”) and SEBI order.

Our weekly newsletter, covers all regulatory updates such as MSME vide circular dated November 07, 2024 issued amendment in the Micro, Small and Medium Enterprises Development Act, 2006, SEBI vide circular dated November 04, 2024 issued circular on Investment in Overseas Mutual Funds/ Unit Trusts by Indian Mutual Funds, SEBI vide circular dated November 05, 2024, issued disclosure of expenses, half yearly returns, yield and risk - o - meter of schemes of Mutual Funds, RBI vide notification dated November 06, 2024 issued Amendment to the Master Direction - Know Your Customer (KYC) Direction, 2016, RBI vide circular dated November 07, 2024, issued ‘Fully Accessible Route’ for Investment by Non-residents in Government Securities – Inclusion of Sovereign Green Bonds, RBI vide notification dated November 08, 2024 issued on Reporting of Foreign Exchange Transactions to Trade Repository

Our weekly newsletter, covers all regulatory updates such as RBI vide notification dated October 01, 2024 issued directions on Compounding of Contraventions under FEMA, 1999, RBI vide notification dated October 04, 2024 issued regarding Due diligence in relation to non-resident guarantees availed by persons resident in India, SEBI vide circular dated October 03, 2024, issued Relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 –Reg. and Orders passed by SEBI.

Our weekly newsletter, covers all regulatory updates such as IFSCA vide circular dated September 11, 2024, issued listing of debt securities on the recognised stock exchanges in the IFSC, SEBI vide circular dated September 13, 2024, issued Optional mechanism for fee collection by SEBI registered Investment Advisers (IAs) and Research Analysts (RAs) and MCA vide notification dated September 09, 2024, amended Companies (Compromises, Arrangements and Amalgamations) Rules, 2016

Our weekly newsletter, covers all regulatory updates such as RBI vide notification dated August 29, 2024 issued on Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit, RBI vide notification dated August 29, 2024 issued Scheme for Trading and Settlement of Sovereign Green Bonds in the International Financial Services Centre in India, MOF vide notification dated August 28, 2024, amended the Securities Contracts (Regulation) Act, 1956 and orders passed by SEBI.

Our weekly newsletter, covers all regulatory updates such as SEBI vide circular dated August 19, 2024, issued Modalities for migration of Venture Capital Funds registered under erstwhile SEBI (Venture Capital Funds) Regulations, 1996 to SEBI (Alternative Investment Funds) Regulations, 2012, SEBI vide circular dated August 19, 2024, issued Guidelines for borrowing by Category I and Category II AIFs and maximum permissible limit for extension of tenure by LVFs, SEBI vide circular dated August 19, 2024 issued amendment to Master Circular for Real Estate Investment Trusts (REITs) dated May 15, 2024 - Review of statement of investor complaints and timeline for disclosure of statement of deviation(s), RBI vide notification dated August 22, 2024 issued on Processing of e-mandates for recurring transactions

Our weekly newsletter, covers all regulatory updates such as MCA vide notification dated August 12, 2024, amended the Companies (Registration of Foreign Companies) Rules, 2014, RBI vide notification dated August 12, 2024 issued on Review of regulatory framework for HFCs and harmonisation of regulations applicable to HFCs and NBFCs, RBI vide notification dated August 12, 2024 issued on Review of Risk Weights for Housing Finance Companies (“HFCs”), IBBI vide circular dated August 12, 2024 issued regarding Generation of Valuation Report Identification Number for valuation conducted by Register Valuer under Insolvency and Bankruptcy Code, 2016 and orders passed by SEBI

Our weekly newsletter, covers all regulatory updates such as SEBI on August 05, 2024 issued Circular in relation to methodology for valuation of additional Tier 1 Bonds (“AT-1 Bonds”); SEBI on August 05, 2024 issued Circular in relation to institutional mechanism by Asset Management Companies for identification and deterrence of potential market abuse including front-running and fraudulent transactions in securities; SEBI on August 06, 2024 issued Circular in relation to amendment to Master Circular for Infrastructure Investment Trusts (InvITs) & Real Estate Investment Trusts (REITs) dated May 15, 2024 -Board nomination rights to unitholders of InvITs & REITs; MCA on August 05, 2024 issued Notification on amending the Companies (Adjudication of Penalties) Rules, 2014; MCA on August 05, 2024 issued notification on amending the Limited Liability Partnership Rules, 2009; RBI on August 08, 2024 issued Notification on frequency of reporting of credit information by Credit Institutions to Credit Information Companies and IFSCA on August 09, 2024 issued Circular regarding Bullion Trading Members and Clearing Members in GIFT- IFSC.

Our weekly newsletter, covers all regulatory updates such as SEBI vide circular dated August 01, 2024, issued amendment to Circular for mandating additional disclosures by FPIs that fulfil certain objective criteria, RBI vide notification dated July 29, 2024 issued ‘Fully Accessible Route’ for Investment by Non-residents in Government Securities – Exclusion of new issuances in 14-year and 30-year tenor securities, RBI vide notification dated July 30, 2024, issued Guidelines on treatment of Dividend Equalization Fund (‘DEF’) - Primary (Urban) Co-operative Banks (‘UCBs’), RBI vide notification dated July 30, 2024 issued Master Directions on Cyber Resilience and Digital Payment Security Controls for non-bank Payment System Operators, IFSCA vide circular dated July 31, 2024 issued circular enabling credit rating agencies to undertake additional activities relating to ESG Ratings and Data Products Providers and SEBI order.

Our weekly newsletter, covers all regulatory updates such as RBI vide notification dated July 25, 2024 notified regarding Small Value Loans – Primary (Urban) Co-operative Banks (UCBs), RBI vide notification dated July 25, 2024 notified regarding Bank Finance against Shares and Debentures, RBI vide notification dated July 24, 2024 issued Domestic Money Transfer – Review of Framework, IFSCA vide circular dated July 23, 2024, issued FAQs on circular titled “Additional requirements for carrying out the permissible activities by Finance Company as a Lessor under ‘Framework for Ship Leasing’” dated May 08, 2024, IFSCA vide circular dated July 25, 2024, issued circular on Credit Rating Agencies in IFSCA, IFSCA vide circular dated July 25, 2024 issued Valuation of assets of schemes under IFSCA (Fund Management) Regulations, 2022 by Credit Rating Agencies at IFSC.

Our weekly newsletter, covers all regulatory updates such as SEBI vide Circular dated July 19, 2024, issued enabling ESG Rating Providers (ERPs) to undertake ESG rating activities under IFSCA, MCA vide Circular dated July 16, 2024, issued filings under section 124 and section 125 of the Companies Act 2013 read with IEPFA (Accounting, Audit, Transfer and Refund) Rules 2016 in view of transition from MCA 21 version 2 to version 3, MCA issued Circular dated July 17, 2024, in relation to Merger of Forms IEPF-3 With IEPF-4 and IEPF-7 with IEPF-1, along with change in the payment process thereof, in MCA Version 3-Reg, RBI vide Notification dated July 15, 2024, issued Master Directions on Fraud Risk Management in Urban Cooperative Banks (UCBs) / State Cooperative Banks (StCBs) / Central Cooperative Banks (CCBs), RBI vide Notification dated July 15, 2024, issued Master Directions on Fraud Risk Management in Commercial Banks (including Regional Rural Banks) and All India Financial Institutions and IFSCA vide Notification dated July 15, 2024 issued International Financial Services Centres Authority (Banking) (Amendment) Regulations, 2024.

Our weekly newsletter, covers all regulatory updates such as SEBI vide circular dated July 08, 2024, issued ease of doing business -Streamlining of prudential norm for passive schemes regarding exposure to securities of group companies of the sponsor of Mutual Funds, SEBI vide circular dated July 09, 2024 issued on Information to be filed by schemes of AIFs availing dissolution period/additional liquidation period and conditions for in-specie distribution of assets of AIFs. IFSCA vide circular dated July 08, 2024, issued Direct Market Access (DMA) facility and Sponsored Access (SA) facility for Bullion Exchange participants, IFSCA vide circular dated July 11, 2024, issued permission to participate in the synthetic securitisation program of parent bank, RBI vide notification dated July 10, 2024 issued Basel III Capital Regulations - Eligible Credit Rating Agencies (“ECAI”), RBI vide notification dated July 10, 2024 issued Remittances to International Financial Services Centres (IFSCs) under the Liberalised Remittance Scheme (LRS)

Our weekly newsletter, covers all regulatory updates such as SEBI issues Circular dated July 01, 2024 on charges levied by Market Infrastructure Institutions – True to Label, SEBI issues Circular dated July 01, 2024 for dispatch of Consolidated Account Statement (CAS) for all securities assets, SEBI issues Circular dated July 03, 2024 on reduction in denomination of debt securities and non-convertible redeemable preference shares, SEBI issues Circular dated July 04, 2024 on measures to instil confidence in securities market –brokers institutional mechanism for prevention and detection of fraud or market abuse, SEBI issues Circular dated July 04, 2024 on modification to enhanced supervision of stock brokers and depository participants, SEBI issues Master circular dated July 04, 2024 on measures for ease of doing business for Credit Rating Agencies (CRAs) –Timelines and Disclosures, MCA issues Circular dated July 04, 2024 on migration of Form BEN-2, MGT-6 from V2 Version to V3 Version, RBI issues Notification dated July 03, 2024 on release of foreign exchange for miscellaneous remittances and IFSCA issues Circular dated July 03, 2024 on fee structure for the entities undertaking or intending to undertake permissible activities under IFSCA (Book-keeping, Accounting, Taxation and Financial Crime Compliance Services) Regulations, 2024 in IFSC.

Our weekly newsletter, covers all regulatory updates such as SEBI vide Circular dated June 10, 2024 issued ease of doing investments by doing away with non – submission of “Choice of Nomination”; SEBI vide Circular dated June 14, 2024 issued modification in framework for Offer for Sale (OFS) of Shares to Employees through Stock Exchange Mechanism; RBI vide Circular dated June 11, 2024 issued international trade settlement in Indian Rupees (INR) – Opening of additional current account for settlement of trade transactions and SEBI Order.

Our weekly newsletter, covers all regulatory updates such as SEBI vide circular dated May 13, 2024, issued Certification requirement for key investment team of manager of AIF, SEBI vide circular dated May 14, 2024 issued circular on Review of validation of KYC records by KRAs under Risk Management Framework and SEBI Orders.

Our weekly newsletter, covers all regulatory updates such as SEBI vide Circular dated May 06, 2024 allows entities to use e-KYC Aadhaar Authentication services of UIDAI in Securities Market as sub-KUA and SEBI Order; SEBI vide Circular dated May 07, 2024 issued periodic reporting format for Investment Advisers; MCA vide Circular dated May 07, 2024 issued relaxation on additional fees and extension of last date of filing of Form No. LLP BEN-2 and LLP Form No. 4D under the Limited Liability Partnership Act, 2008; IFSCA vide Circular dated May 08, 2024 issued additional requirements for carrying out the permissible activities by Finance Company as a Lessor under “Framework for Ship Leasing”; RBI vide Notification dated May 08, 2024 issued directions on margin for Derivative Contracts; IBBI has issued Circular dated May 09, 2024 on uploading of judicial orders related to insolvency proceedings by Insolvency Professionals and SEBI Order.

Our weekly newsletter, covers all regulatory updates such as SEBI issued Circular dated April 29, 2024 on relaxation in requirement of intimation of changes in the terms of Private Placement Memorandum of Alternative Investment Funds through merchant banker, SEBI issued Circular dated May 02, 2024 on Portfolio Managers - Facilitating ease in digital on-boarding process for clients and enhancing transparency through disclosures, IFSCA issued Circular dated May 01, 2024 on ‘Qualified Suppliers’ for supply of bullion on India International Bullion Exchange IFSC Limited (IIBX), IFSCA issued Circular dated May 02, 2024 on facilitating investments by NRIs and OCIs into Indian securities through Schemes / Funds in an IFSC, IFSCA issued Circular dated May 02, 2024 on ‘Issuance of Derivative Instruments against Indian securities by non-bank entities in GIFT-IFSC, RBI issued Circular dated May 03, 2024 on amendments to Master Direction on Risk Management and Inter-Bank Dealings and SEBI Order.

Our weekly newsletter, covers all regulatory updates such as SEBI vide circular dated April 23, 2024, issued circular on Cross Margin benefits for offsetting positions having different expiry dates, IFSCA vide circular dated April 22, 2024 issued on Internet banking services to clients of IFSC Banking Units (IBUs). RBI vide notification dated April 23, 2024, issued Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) (Amendment) Regulations, 2024, RBI vide the notification dated April 23, 2024, issued Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Amendment) Regulations, 2024, RBI vide notification dated April 24, 2024, issued notification on Unauthorized foreign exchange transactions, RBI vide notification dated April 24, 2024, issued master direction on Asset Reconstruction Companies (ARCs) and various SEBI Orders.

The ‘Swift e-Bulletin’ - weekly newsletter, covers all regulatory updates and critical judgements passed during the week. We want this newsletter to be valuable for you so, please share your feedback and suggestions to help us improve. Further, various regulatory authorities have been proactive in bringing significant regulatory changes in recent challenging times. This week’s newsletter covers various circulars/notifications issued by certain regulatory authorities such as the Securities and Exchange Board of India (“SEBI”), Reserve bank of India(“RBI”), Insolvency and Bankruptcy Board of India (‘IBBI’) International Financial Services Authority (“IFSCA”) and Orders.

Our weekly newsletter, covers all regulatory updates such as SEBI vide circular dated April 05, 2024, issued circular on Entities allowed to use e-KYC Aadhar Authentication services of UIDAI in Securities Market as sub-KUA and IFSCA vide circular dated April 05, 2024, issued circular on Ease of doing business - Filing of Schemes or funds under IFSCA (Fund Management) Regulations 2022.

Our weekly newsletter, covers all regulatory updates such as RBI issued Circular on investments in Alternative Investment Funds (AIFs); RBI vide Notification dated April 01, 2024 notified Master Circular - Guarantees, Co-Acceptances & Letters of Credit – Urban Co-operative Banks (“UCBs”); RBI vide Notification dated April 01, 2024 notified Master Circular on Board of Directors – UCBs; RBI vide Notification dated April 01, 2024 notified Master Circular on SHG-Bank Linkage Programme; IFSCA vide Circular dated April 01, 2024 amended the IFSCA (Vault Manager) Circular, 2021 dated August 25, 2021; IFSCA vide Circular dated April 02, 2024 provided clarification in relation to the permissible activities specified under the Framework for Ship Leasing and IFSCA issued circular on Remote Trading Participants on Stock Exchanges in the IFSC dated April 03, 2024.

Our weekly newsletter, covers all regulatory updates such as SEBI vide circular dated March 19, 2024, allowed entities to use e-KYC Aadhar Authentication services of UIDAI in Securities Market as sub-KUA, SEBI vide circular dated March 20, 2024 issued Amendment to Circular for mandating additional disclosures by FPIs that fulfil certain objective criteria, SEBI vide circular dated March 21, 2024, issued circular regarding Introduction of Beta version of T+0 rolling settlement cycle on optional basis in addition to the existing T+1 settlement cycle in Equity Cash Markets, SEBI vide circular dated March 20,2024 issued Safeguards to address the concerns of the investors on transfer of securities in dematerialized mode, IFSCA vide circular dated March 22, 2023 issued circular on Issuance of Indian Financial System Code (IFSC code) to IFSC Banking Units (IBUs) and NCLT order.

Our weekly newsletter, covers all regulatory updates such as SEBI vide circular dated March 08, 2024, issued circular Securities and Exchange Board of India (Index Providers) Regulations, 2024, SEBI vide circular dated March 12, 2024 issued Simplification and streamlining of Offer Documents of Mutual Fund Schemes – Extension of timelines, SEBI vide circular dated March 13, 2024 issued circular repeal of circular(s) outlining procedure to deal with cases where securities are issued prior to April 01, 2014, involving offer / allotment of securities to more than 49 but up to 200 investors in a financial year SEBI vide circular dated March 11, 2024 issued circular Measures to instill trust in securities market –Expanding the framework of Qualified StockBrokers (QSBs) to more stockbrokers SEBI vide circular dated March 11, 2024 issued circular repeal of circular(s) outlining procedure to deal with cases where securities are issued prior to April 01, 2014, involving offer / allotment of securities to more than 49 but up to 200 investors in a financial year and RBI vide notification dated March 13, 2024 notified Cut-off time for uploading of GST, ICEGATE and TIN 2.0 luggage files, IFSCA vide circular date March 11, 2024 issued Clarifications in relation to Fund Management Entities and Schemes set up in IFSCs by Sovereign Wealth Funds, IFSCA vide circular dated March 14, 2024 issued registration on FIU-IND FINNET 2.0 portal for compliance with International Financial Services Centers Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022, IFSCA vide circular dated March 14, 2024 issued Ease of doing business: Settlements of Clients Funds lying with Broker Dealer and SEBI order.

Our weekly newsletter, covers all regulatory updates such as SEBI issued Circular dated March 05, 2024 on List of goods notified under Securities Contracts (Regulation) Act, 1956 (“SCRA”) and order passed by SEBI, RBI vide the Notification dated March 07, 2024 notified amendment to the Master Direction - Credit Card and Debit Card – Issuance and Conduct Directions, 2022, IFSCA vide Press Release dated March 05, 2024 issued Financial Action Task Force (FATF) high risk and other monitored jurisdictions – February 23, 2024, IFSCA vide Notification dated February 28, 2024 issued Section 31 notification pertaining to modifications under SEZ Act and rules and SEBI order.

Our weekly newsletter, covers all regulatory updates such as RBI vide the notification dated February 28, 2024, notified Capital Adequacy Guidelines – Review of Trading Book, RBI vide notification dated February 29, 2024, notified Master direction Reserve Bank of India (Bharat Bill Payment System) Directions, 2024, 3. RBI vide notification dated February 27, 2024, notified Master direction Reserve Bank of India (Filing of Supervisory Returns) Directions – 2024, IFSCA vide the circular dated March 01, 2024 have issued Fee structure for the entities undertaking or intending to undertake permissible activities in IFSC and order passed by SEBI.

Our weekly newsletter, covers all regulatory updates such as SEBI vide circular dated February 20, 2024, notified Centralization of certifications under Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS) at KYC Registration Agencies (KRAs), MCA vide circular dated February 19, 2024 notified Deployment and usage of Change Request Form (CRF) on MCA – 21 – reg, RBI vide the notification dated February 22, 2024, notified Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit, IFSCA vide the circular dated February 22, 2024, issued Bullion Trading Members and Clearing Members in GIFT- IFSC and order passed by SEBI.

Our weekly newsletter, covers all regulatory updates such as MCA vide General Circular dated February 07, 2024 issued relaxation of additional fees and extension of last date of filing of Form No. LLP BEN- 2 and Form No. 4D under the Limited Liability Partnership Act, 2008, SEBI vide Circular dated February 08, 2024 issued revised pricing methodology for institutional placements of privately placed Infrastructure Investment Trust (InvIT), SEBI vide Circular dated February 06, 2024 issued guidelines for returning of draft offer document and its resubmission, RBI vide Notification dated February 08, 2024 notified implementation of Section 51A of UAPA, 1967, IBBI vide Press Release dated February 05, 2024 have amended the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017, 1. IFSCA vide the Circular dated February 09, 2024 issued direct listing of Indian companies on the stock exchanges in IFSC – Monitoring of investments from countries sharing land border with India, IFSCA vide the Circular dated February 08, 2024 issued Reporting norms for Capital Market Intermediaries under IFSCA (Capital Market Intermediaries) Regulations, 2021, IFSCA vide the Circular dated February 06, 2024 have issued fee structure for the entities undertaking or intending to undertake permissible activities in IFSC, IFSCA vide the Circular dated February 09, 2024 issued format and manner of seeking authorisation as Payment Service Provider (PSP) and NCLAT order.

Our weekly newsletter, covers all regulatory updates such as MCA issued Notification dated February 03, 2024 on Establishment of Central Processing Centre, RBI vide Notification dated January 31, 2024 notified streamlining of Internal Compliance monitoring function – leveraging use of technology, RBI vide Notification dated January 31, 2024 notified guidelines on import of gold by Tariff Rate Quota (TRQ) holders under the India-UAE CEPA as notified by–The International Financial Services Centres Authority (IFSCA), IBBI vide Circular dated February 01, 2024 has issued measures for rationalisation of the regulatory framework of Insolvency Professional Entities, IBBI vide Circular dated February 1, 2024 have issued Measures for facilitating efficient conduct of the processes by the Insolvency Professionals and IFSCA vide the Circular dated January 29, 2024 have issued International Financial Services Centres Authority (Payment Services) Regulations, 2024.

Our weekly newsletter, covers all regulatory updates such as 1. MCA vide Circular dated January 24, 2024 issued Companies (Listing of equity shares in permissible jurisdictions) Rules, 2024, 1. SEBI vide Circular dated January 23, 2024 has issued Framework for Offer for Sale (OFS) of Shares to Employees through Stock Exchange Mechanism, 2. SEBI vide Circular dated January 25, 2024 has issued Extension of timeline for verification of market rumours by listed entities, IFSCA vide Circular dated January 25, 2024 has issued Accredited Investors in IFSC, IFSCA vide Circular dated January 22, 2024 issued avoiding rerouting of transactions to IBUs that have been wrongly credited in the parent AD bank’s Nostro account – Reporting in R- Return, The Ministry of Finance vide notification dated January 24, 2024 issued the Foreign Exchange Management (Non debt Instruments) Amendment Rules, 2024 and SEBI order.

Our weekly newsletter, covers all regulatory updates such as SEBI vide Notification dated January 03, 2024 issued Implementation of Section 35 of Unlawful Activities (Prevention) Act 1967, SEBI vide Circular dated January 05, 2024 have issued Framework for Short Selling, RBI vide Notification dated December 21, 2023 issued Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023, RBI issued Master Direction dated December 28, 2023 on Lending to Micro, Small & Medium Enterprises (MSME) Sector, RBI issued Master Directions on Commercial Paper and Non-Convertible Debentures of original or initial maturity upto one year and IFSCA vide Circular dated January 05, 2024 included “Financial Company” and “Financial Unit” as Credit Institution under Credit Information Companies (Regulation) Act, 2005.

Our weekly newsletter, covers all regulatory updates such as SEBI vide circular dated December 11, 2023 issued a Circular on Credit of units of Alternative Investment Funds (AIFs) in dematerialized form, SEBI vide circular dated December 12, 2023 issued a Circular on upstreaming of clients’ funds by Stockbrokers (SBs) / Clearing Members (CMs) to Clearing Corporations (CCs), RBI vide notification dated December 12, 2023 issued Processing of e-mandates for recurring transactions and RBI vide notification dated December 11, 2023 have issued Sovereign Gold Bond (SGB) Scheme 2023-24.

Our weekly newsletter, covers all regulatory updates such as SEBI vide circular dated December 06, 2023 issued revised framework for computation of Net Distributable Cash Flow (NDCF) by Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) and IFSCA vide Circular dated December 04, 2023 issued Framework for Grant of Funds for Research Studies by International Financial Services Centres Authority.

Our weekly newsletter, covers all regulatory updates such as SEBI vide circular dated December 01, 2023 issued extension of timeline for implementation of provisions of circular SEBI /HO /OIAE /IGRD /CIR /P /2023 / 156 dated September 20, 2023 on Redressal of investor grievances through the SEBI Complaint Redressal (SCORES) Platform and linking it to Online Dispute Resolution platform, IFSCA vide Circular dated November 22, 2023 issued Procedure for implementation of Section 12A of "The Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005" and Section 51A of Unlawful Activities (Prevention) Act, 1967, IFSCA vide circular dated November 28, 2023 issued allocation of Indian Financial System Code (IFSC code) to IBUs and orders issued by SEBI.

- Our weekly newsletter, covers all regulatory updates such as SEBI vide Circular dated November 17, 2023 issued simplified norms for processing investor’s service requests by Registrars to an Issue and Share Transfer Agents (“RTAs”) and norms for furnishing PAN, KYC details and nomination, SEBI vide Circular dated November 13, 2023 issued Most Important Terms and Conditions (“MITC”), RBI has issued regulatory measures towards consumer credit and bank credit to NBFCs dated November 16, 2023 and RBI dated November 17, 2023 issued a Circular on International Trade Settlement in Indian Rupees (INR) in relation to Opening of additional Current Account for exports proceeds

Our weekly newsletter, covers all regulatory updates such as MCA vide Notification dated November 09, 2023 issued Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023, SEBI vide Circular dated November 08, 2023 issued the Procedural framework for dealing with unclaimed amounts lying with entities having listed non-convertible securities and manner of claiming such amounts by investors, SEBI vide Circular dated November 08, 2023 issued Procedural framework for dealing with unclaimed amounts lying with Infrastructure Investment Trusts (InvITs) & Real Estate Investment Trusts (REITs) and manner of claiming such amounts by unitholders, RBI vide Notification dated November 07, 2023 issued Reserve Bank of India (Information Technology Governance, Risk, Controls and Assurance Practices) Directions, 2023, RBI vide Notification dated November 08, 2023 issued ‘Fully Accessible Route’ (“FAR”) for Investment by Non-residents in Government Securities – Inclusion of Sovereign Green Bonds, RBI vide Notification dated October 31, 2023 issued Regulation of Payment Aggregator – Cross Broder (PA – Cross Broder), IFSCA vide Circular dated November 03, 2023 amended the Reporting Norms for Fund Management Entities under IFSCA (Fund Management) Regulations, 2022 order passed by SEBI.

Our weekly newsletter, covers all regulatory updates such as Ministry of Corporate Affairs (“MCA”) vide notification dated October 27, 2023 issued Limited Liability Partnership (Third Amendment) Rules, Ministry of Corporate Affairs (“MCA”) vide notification dated October 27, 2023 issued Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023, MCA vide notification dated October 30, 2023 issued the effective date for Section 5 of Companies (Amendment) Act, 2020, Ministry of Corporate Affairs (“MCA”) vide notification dated October 27, 2023 issued amended Companies (Management and Administration) Rules, 2014, SEBI vide Circular dated October 31, 2023 issued the revision in the manner of achieving minimum public unitholding requirement for Infrastructure Investment Trusts (InvITs), SEBI vide circular dated November 01, 2023 issued Scheme for Simplification and streamlining of Offer Documents of Mutual Fund, RBI vide Circular dated October 30. 2023 amended the Banking Regulation Act, RBI vide Circular dated October 31, 2023 issued Regulation of PA-CBs. IFSCA vide notification dated October 25, 2023 issued International Financial Services Centres Authority (Investment by International Financial Services Centre Insurance Office) (Amendment) Regulations, 2023, IFSCA vide Circular dated November 02, 2023 amended the Conditions for opening a Global Administrative Office (GAO) and Representative Officer (RO)of the IFSCA Banking Handbook, Insolvency and Bankruptcy Board of India (“IBBI”) vide notification dated October 20, 2023 notified Liquidation Process (Amendment) Regulations,2023 and issued Discussion paper related to “Liquidation Strengthening the liquidation process, Insolvency and Bankruptcy Board of India (“IBBI”) vide notification dated November 1, 2023 notified (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2023 and issued Discussion paper related to Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Process) Regulations, 2016 and Judgement and orders passed by NCLAT and SEBI

Our weekly newsletter, covers all regulatory updates such as MCA vide Notification dated October 20, 2023 issued Companies (Incorporation) Third Amendment Rules, 2023, RBI vide Notification dated October 25, 2023 notified the presentation of Unclaimed Liabilities transferred to Depositor Education and Awareness (DEA) Fund, RBI vide Notification dated October 26, 2023 reviewed the Instructions on Bulk Deposits for Regional Rural Banks (RRBs), RBI vide Notification dated October 26, 2023 notified on the joining of the Account Aggregator Ecosystem as Financial Information User by certain entities, RBI vide Notification dated October 26, 2023 issues framework for compensation to customers for delayed updation/ rectification of credit information, RBI vide Circular dated October 26, 2023 issues Master Direction on Interest Rate on Non-Callable Deposits, RBI vide Notification dated October 26, 2023 issues Master Direction on Review of Financial Information Provider (FIP) under Account Aggregator Framework, RBI vide Notification dated October 25, 2023 issued instructing all private sector banks and wholly owned subsidiaries of foreign banks with respect to appointment of whole-time director(s), RBI vide Notification dated October 26, 2023 issued directions on Strengthening of customer service rendered by Credit Information Companies and Credit Institutions, IFSCA vide Circular dated October 20, 2023 made applicable the procedure for implementation of Section 12A of "The Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005" to the regulator and regulated entities and IFSCA vide Circular October 23, 2023 issued Modifications under the International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022.

Our weekly newsletter, covers all regulatory updates such as SEBI vide Circular dated October 16, 2023 issued Master Circular for Stock Exchanges and Clearing Corporations, SEBI vide Circular dated October 20, 2023 have issued Guidelines for Business Continuity Plan (BCP) and Disaster Recovery (DR) of Qualified RTAs (QRTAs), RBI vide Notification dated October 17, 2023 amended the Master Direction (MD) on KYC, RBI vide Notification dated October 19, 2023 issued Master Direction – Reserve Bank of India (Non- Banking Financial Company – Scale Based Regulation) Directions, 2023 and Ministry of Finance vide Notification dated October 17, 2023 notified the amendments for Prevention of Money-laundering (Maintenance of Records) Rules, 2005.

Our weekly newsletter, covers all regulatory updates such as SEBI vide Circular dated October 10, 2023 issued extension in timeline for compliance with qualification and experience requirements under Regulation 7 (1) of SEBI (Investment Advisers) Regulations, 2013, SEBI vide Master Circular dated October 12, 2023 issued Know Your Client (KYC) norms for the securities market, SEBI vide Notification dated October 09, 2023 amended the Investment Advisors Regulations, IFSCA vide Press Release dated October 10, 2023 seeking suggestions towards review of IFSCA (Fund Management) Regulations, 2022 and IFSCA vide Circular dated October 12, 2023 issued the Modifications under the International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022.

Our weekly newsletter, covers all regulatory updates such as SEBI vide Circular dated September 20, 2023 issued redressal of investor grievances through the SEBI Complaint Redressal (SCORES) Platform and linking it to Online Dispute Resolution Platform, SEBI vide Press Release dated September 21, 2023 discussed and approved various frameworks, IBBI vide Circular dated September 18, 2023 amended and issued Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2023, IBBI vide Notification dated September 18, 2023 amended the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, Press Release on Insolvency and Bankruptcy Board of India amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations) and IBBI vide Notification dated September 18, 2023 amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations.

Our weekly newsletter, covers all regulatory updates such as SEBI SEBI vide Circulars dated September 11, 2023 issued the framework for Board nomination rights to unitholders of Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs), SEBI vide Circular dated September 14, 2023 issued framework for Regulatory Reporting by Alternative Investment Funds (“AIF”), IFSCA vide Circular dated September 15, 2023 issued circular on Authorisation of Scheme file under IFSCA (Fund Management) Regulations 2022

Our weekly newsletter, covers all regulatory updates such as SEBI vide Circular dated September 06, 2023 issued clarification regarding investment of Mutual Fund schemes in units of Corporate Debt Market Development Fund (“CDMDF”), SEBI through its Press Release no. 20/2023 mandates payment to SEBI Investor Protection and Education Fund (IPEF) only through online mode, SEBI (Credit Rating Agencies) Regulations, 1999 (“CRA Regulations”) and Circulars issued thereunder require sharing of certain information from CRAs to Debenture Trustees (DTs), SEBI vide Circular dated September 04, 2023 issued modified format of Abridged Prospectus for public issues of Non-Convertible Debt Securities and/or Non-Convertible Redeemable Preference Shares and IFSCA vide Circular issued Additional AML measures under the International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022.

Our weekly newsletter, covers all regulatory updates such as SEBI vide circular dated August 29, 2023 issued guidelines for Market Infrastructure Institutions (“MIIs”) regarding Cyber security and Cyber resilience, IFSCA vide circular dated August 30, 2023 issued a circular on IFSCA Banking Handbook – Opening of SNRR account with AD Banks in India, IFSCA issued a consultation paper dated August 29, 2023 on proposed IFSCA (Investment by IFSCA Insurance Office) (Amendment) Regulations, 2023.

Our weekly newsletter, covers all regulatory updates such as SEBI vide Notification dated August 22, 2023 issued SEBI (Depositories and Participants) (Second Amendment) Regulations, 2023, SEBI vide Notification dated August 23, 2023 inserted Chapter VI in SEBI (LODR) Regulations, 2015, SEBI vide Notification dated August 22, 2023 issued Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Third Amendment) Regulations, 2023, SEBI vide Circular dated August 24, 2023 mandated additional disclosures by Foreign Portfolio Investors (“FPIs”) that fulfil certain objective criteria, SEBI vide Circular dated August 24 issued Modification in Cyber Security and Cyber Resilience framework of Stock Exchanges, Clearing Corporations and Depositories and MCA vide Circular dated August 23, 2023 waived the additional fees for filing of various forms for Limited Liability Partnership (LLP).

The ‘Swift e-Bulletin’ - weekly newsletter, covers all regulatory updates and critical judgements passed during the week. We hope that you liked our previous editions and found it to be of great value in its content. We want this newsletter to be valuable for you so, please share your feedback and suggestions to help us improve.

The ‘Swift e-Bulletin’ - weekly newsletter, covers all regulatory updates and critical judgements passed during the week. We hope that you liked our previous editions and found it to be of great value in its content. We want this newsletter to be valuable for you so, please share your feedback and suggestions to help us improve.

The ‘Swift e-Bulletin’ - weekly newsletter, covers all regulatory updates and critical judgements passed during the week. We hope that you liked our previous editions and found it to be of great value in its content. We want this newsletter to be valuable for you so, please share your feedback and suggestions to help us improve.

The Mutual Fund Advisory Committee (“MFAC”) of SEBI had constituted a Working Group which inter-alia recommended creation of an entity to buy corporate debt securities from Mutual Fund schemes with support from Government of India.

The ‘Swift e-Bulletin’ - weekly newsletter, covers all regulatory updates and critical judgements passed during the week. We hope that you liked our previous editions and found it to be of great value in its content. We want this newsletter to be valuable for you so, please share your feedback and suggestions to help us improve.

Our weekly newsletter, covers all regulatory updates such as SEBI issued Press Release dated June 27, 2023 for online remittance of fees Payable to SEBI by the market participants, SEBI vide Circulars dated June 26, 2023 issued the format of the Compliance Report on Governance of InvITs and REITs, SEBI vide Circular dated June 27, 2023 issued circular on Disclosure of Information on Issuers Not Cooperating (INC) with CRAs, SEBI vide circular dated June 26, issued circular on Format for Annual Secretarial Compliance Report for Real Estate Investment Trusts (“REITs”), SEBI vide circular dated June 26, 2023 issued circular on Format for Annual Secretarial Compliance Report for Infrastructure Investment Trusts (“InvITs”), SEBI issued Circular dated June 27, 2023 facilitating methods to achieve Minimum Public Unit holding for Infrastructure Investment Trusts (“InvITs”) & Real Estate Investment Trusts (“REITs”), SEBI vide Press release dated June 28, 2023 issued the result of the board meeting held by SEBI on various matters of the securities markets and other related aspects, SEBI issued Press release dated June 27, 2023 for amendment in the Securities and Exchange Board of India (Informal Guidance) Scheme 2003 (‘Scheme’) which was issued on June 24, 2003, SEBI vide Circular dated June 26, 2023 issued additional compliances to be observed by the Investor Service Centers of Stock Exchange, SEBI vide Circular dated June 30, 2023 issued Implementation on upstreaming of client’s funds by Stockbrokers (SBs) / Clearing Members (CMs) to Clearing Corporations (CCs) and orders from SEBI.

Our weekly newsletter, covers all regulatory updates such as SEBI issued Circular dated June 21, 2023 Standardised approach to valuation of investment portfolio of Alternative Investment Funds, SEBI on June 20, 2023 issued Master Circular on Scheme of Arrangement by Listed Entities and Relaxation under Sub-rule (7) of rule-19 of the Securities Contracts (Regulation) Rules, 1957, SEBI on dated June 21, 2023 issued Master Circular containing updates for Issue of Capital and Disclosure Requirements, SEBI vide Circular dated June 21, 2023 issued Circular asking AIFs to issue units in Dematerialised form, SEBI vide Circular dated June 21, 2023 has issued Modalities for launching Liquidation Scheme and for distributing the investments of Alternative Investment Funds (AIFs) in-specie and RBI vide Notification dated June 22, 2023 issued additions to Remittances to International Financial Services Centres (IFSCs) under the Liberalised Remittance Scheme (LRS).

Our weekly newsletter, covers all regulatory updates such as SEBI issued Master Circular dated June 15, 2023 for Research Analysts, SEBI vide Circular dated June 13, 2023 issued the Regulatory Framework for the Execution Only Platforms (“EOP”) for facilitating transactions in direct plans of schemes of Mutual Funds, SEBI vide Circular dated June 16, 2023 amends Guidelines on Anti-Money Laundering (AML) Standards and Combating the Financing of Terrorism (CFT), SEBI vide Circular dated June 16, 2023 asks Online Bond Platform Providers to adhere provisions of regulation 51A of SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021, SEBI issued Master Circular dated June 15, 2023 for Investment Advisors, SEBI vide Circular dated June 13, 2023 issued Corrigendum to Circular on Participation of Mutual funds in repo transactions on Corporate Debt Securities dated June 8, 2023, SEBI vide Circular dated June 14, 2023 amended and issued SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2023, MCA vide notification dated June 14, 2023 notified the exclusion of Corporate Debtor entering into certain transaction from the applicability of Section 14(1) of the Insolvency and Bankruptcy Code, 2016 (IBC, 2016) and order passed by National Company Law Appellate Tribunal (“NCLAT”) upheld the strike off order for non-filing of annual accounts by the Company.

Our weekly newsletter, covers all regulatory updates such SEBI vide Circular dated June 08, 2023, modified the previously issued Circulars on repo transactions on Corporate Debt Securities, SEBI vide Circular dated June 08, 2023 issued the Online Processing of investor service requests and complaints by RTAs, SEBI vide Circular dated June 08, 2023 issued detailed framework for Upstreaming of clients’ funds by Stock Brokers (SBs)/ Clearing Members (CMs) to Clearing Corporations (CCs), RBI vide notification dated June 08, 2023 issued a framework for Compromise Settlements and Technical Write-offs, RBI vide Notification dated June 08, 2023 notified the guidelines on Default Loss Guarantee (DGL) in Digital Lending, RBI vide Notification dated June 06, 2023 notified the Risk Management and Inter-Bank Dealings - Non-deliverable derivative contracts (NDDCs), RBI vide Notification dated June 07, 2023 notified the Trade Receivable Discounting System (TreDS) Guidelines.

Our weekly newsletter, covers all regulatory updates such SEBI vide Circular dated May 30, 2023 issued comprehensive guidelines for Investor Protection Fund and Investor Services Fund at Stock Exchanges and Depositories, SEBI issued Master Circular for Electronic Gold Receipts (EGRs) dated June 01, 2023, SEBI issued Circular dated June 02, 2023 for Transactions in Corporate Bonds through Request for Quote (RFQ) platform by Stock Brokers (SBs), MCA vide Notification dated May 31, 2023 amended the Companies (Accounts) Rules, 2014, IFSCA vide Circular dated May 31, 2023 issued the reporting norms for the Fund Management Entities (FMEs) under the IFSCA (Fund Management) Regulations, 2022, IFCSA issued Consultation Paper dated May 29, 2023 on the proposed IFSCA (Banking) (Amendment) Regulations, 2023 and Orders passed by SEBI.

Our weekly newsletter, covers all regulatory updates such MOF vide Notification dated May 09, 2023 further amended the Prevention of Money-laundering Act, 2002 and bought under its purview certain professionals and excluded certain activities by such professionals, SEBI vide Circular dated May 10, 2023 introduced provisions pertaining to Direct Market Access (“DMA”) to SEBI registered Foreign Portfolio Investors (“FPIs”) for participating in Exchange Traded Commodity Derivatives (“ETCDs”), SEBI vide Circular dated May 9, 2023, issued Registration with the FINNET 2.0 system of Financial Intelligence Unit- India (“FIU-India”), MCA vide Notification dated May 10, 2023, introduced the Companies (Removal of Names of Companies from the Register of Companies) Second Amendment Rules, 2023 and IFSCA vide Circular dated May 09, 2023 issued clarification relating to Status of operations at Disaster Recovery (“DR”) Site of the Broker Dealers and Clearing Members registered with IFSCA.

- Our weekly newsletter, covers all regulatory updates such MOF vide Notification dated May 09, 2023 further amended the Prevention of Money-laundering Act, 2002 and bought under its purview certain professionals and excluded certain activities by such professionals, SEBI vide Circular dated May 10, 2023 introduced provisions pertaining to Direct Market Access (“DMA”) to SEBI registered Foreign Portfolio Investors (“FPIs”) for participating in Exchange Traded Commodity Derivatives (“ETCDs”), SEBI vide Circular dated May 9, 2023, issued Registration with the FINNET 2.0 system of Financial Intelligence Unit- India (“FIU-India”), MCA vide Notification dated May 10, 2023, introduced the Companies (Removal of Names of Companies from the Register of Companies) Second Amendment Rules, 2023 and IFSCA vide Circular dated May 09, 2023 issued clarification relating to Status of operations at Disaster Recovery (“DR”) Site of the Broker Dealers and Clearing Members registered with IFSCA.

Our weekly newsletter, covers all regulatory updates such SEBI vide Circular dated April 25, 2023 issued circular on Bank Guarantees (BGs) created out of client’s funds, SEBI vide Circular dated April 25, 2023 issued modifications in the requirement of filing of Offer Documents by Mutual Funds, SEBI issued Master Circular for Custodians dated April 27, 2023, RBI vide Circular dated April 26, 2023 updated the Remittances to International Financial Services Centers (“IFSC”) under the Liberalized Remittance Scheme (“LRS”), MCA amended the Companies (Indian Accounting Standards) Rules, 2015, IFSCA vide Circular dated April 26, 2023 amends existing Circular titled ‘Framework for Aircraft Lease’ dated May 18, 2022, IFSCA on April 24, 2023 issued International Financial Services Centres Authority (Fund Management) Regulations, 2022 and Orders passed by SEBI.

Our weekly newsletter, covers all regulatory updates such SEBI vide Circular dated April 17, 2023, issued Circular on Dispute Resolution Mechanism for Limited Purpose Clearing Corporation (“LPCC”), SEBI vide circular dated April 20, 2023 issued instructions for the issue of master circular by stock Exchanges, clearing corporations and Depositories. SEBI vide Notification dated April 21, 2023 issued Procedure for seeking prior approval for change in control of Vault Managers, Reserve Bank of India (“RBI”) vide press release dated April 10, 2023, simplified the application process for registration of Core Investments Companies (“CIC”), MCA vide notification dated April 17, 2023 amended and bought in the new “The Companies (Removal of Name of Companies from the Register of Companies) Amendment Rules, 2023. IFSCA vide Circular dated April 20, 2023 issued clarification on Guidance framework on Sustainable and Sustainability linked lending by financial institutions and Judgements / Orders passed by Supreme Court and SEBI.

Our weekly newsletter, covers all regulatory updates such SEBI vide Circular dated April 10, 2023 detailed the Direct plan for schemes of Alternative Investment Funds (AIFs) and trail model for distribution commission in AIFs, SEBI vide Circular dated April 10, 2023 issued Guidelines with respect to excusing or excluding an investor from an investment of Alternative Investment Funds (“AIF”), SEBI vide Circular dated April 11, 2023 formulated parameters of price bands for the first day of trading pursuant to Initial Public Offering (IPO), re-listing etc. in normal trading session and SEBI vide Circular dated April 13, 2023 issued a framework for Contribution by eligible Issuers of debt securities to the Settlement Guarantee Fund of the Limited Purpose Clearing Corporation for repo transactions in debt securities.

Our weekly newsletter, covers all regulatory updates such MCA vide Notification amended the Companies (Indian Accounting Standards) Rules, 2015, SEBI issued Operational circular for Debenture Trustees, SEBI vide Circular dated April 05, 2023 issued Advertisement code for Investment Advisers (IA) and Research Analysts (RA), SEBI vide Circular dated April 06, 2023 gave guidelines for usage of brand name/trade name by Investment Advisers (IA) and Research Analysts (RA), IFSCA vide Circular date March 31, 2023 issued Sensitising Authorised Dealer (AD) branches of Indian banks about facilities in IFSC and IFSCA vide Circular dated April 06, 2023 passed an Addendum to the Circular titled “Framework for enabling Ancillary services at International Financial Services Centres.

- Our weekly newsletter, covers all regulatory updates such as SEBI vide Circular dated March 23, 2023 issued KYC Compliance mandate for E-Wallet payments for Mutual Fund Investments, SEBI issued Master Circular on Surveillance of Securities Market dated March 23, 2023, SEBI issued Master Circular on Portfolio Managers, collating all the Circulars issued till November 20, 2022 and IFSCA vide Circular dated March 22, 2023, issued amendments to the Circular titled “Framework for Ship Leasing.

Our weekly newsletter, covers all regulatory updates such as SEBI vide circular dated March 10, 2023 issued clarification with respect to Qualified RTAs (QRTAs), SEBI vide circular dated March 16, 2023 issued Common and Simplified norms for processing investor’s services requests by RTAs and norms for furnishing PAN, KYC details and Nomination, SEBI vide notification dated March 14, 2023 amended the SEBI (Foreign Portfolio Investors) Regulations 2019 and order passed order passed by SEBI.

Our weekly newsletter, covers all regulatory updates such as SEBI vide Circular dated March 08, 2023 Issued operational guidelines amending SEBI (Buy-back of Securities) Regulations, 2018,SEBI vide Circular dated March 06, 2023 issued framework for adoption of cloud services by SEBI regulated entities and SEBI issued guidelines dated March 08, 2023 for grant of reward to informant under recovery proceedings.

Our weekly newsletter, covers all regulatory updates such as IFSCA issued Clarifications in relation to Family Investment Funds (“FIF”), IFSCA vide Press Release dated February 27, 2023 invited public comments on proposed IFSCA (Management Control, Administrative Control and Market Conduct of Insurance Business) Regulations, 2023, IFSCA vide circular dated March 01, 2023 issued clarification in relation to Fund Management Entities and Schemes set up in IFSCs by Sovereign Wealth Funds, IFSCA vide circular dated March 01, 2023 issued Net worth requirement for a Bullion Exchange and a Bullion Clearing Corporation. IBBI vide notification dated March 01, 2023 notified the Board for the specified purposes IBBI, New Delhi and order passed by Supreme Court.

Our weekly newsletter, covers all regulatory updates such as MCA vide General Circular dated February 22, 2023 clarifies the filing of various prospectus related E-forms during the period of V3 portal stabilization, MCA vide General Circular dated February 21, 2023 extended time for filing of 45 company e-Forms PAS- 3 and SPICE+ Part - A in MCA 21 Version 3.0 without additional fee and SEBI vide Circular dated February 22, 2023 issues advisory for SEBI Regulated Entities (REs) regarding cybersecurity best practices.

Our weekly newsletter, covers all regulatory updates such as RBI vide Notification dated February 16, 2023 notified Introduction of Foreign Contribution (Regulation) Act (“FCRA”) related transaction code in NEFT and RTGS Systems, SEBI vide Circular dated February 15, 2023 introduces issue summary document and dissemination of issue advertisements, SEBI vide Notification dated February 14, 2023 amended SEBI (Real Estate Investment Trusts) and SEBI (Infrastructure Investment Trust) Regulations, SEBI vide Circular dated February 15, 2023 mandates certain information to be published by stockbrokers (SB) /depository participants (DP) on their respective websites, IFSCA issued FAQs dated February 14, 2023 on Milestones & Illustrative Permissible Expenses for Reimbursement under IFSCA (FinTech Incentive) Scheme, 2022 and order issued by SEBI.

Our weekly newsletter, covers all regulatory updates such as SEBI issued a Circular dated February 01, 2023 on transaction in corporate bonds through Request for Quote (RFQ) platform by Alternative Investment Funds (AIFs), SEBI issued a Circular dated February 01, 2023 on changes to the framework to enable verification of upfront collection of margins for clients in cash and derivatives segments, IFSCA issued a Circular dated January 27, 2023 on bullion trading members and clearing members in IFSC and orders issued by SEBI.

Our weekly newsletter, covers all regulatory updates such as MCA vide notification dated January 19, 2023 amends the rules for the for Appointment and Management of the Key Managerial Personnel, MCA vide notification dated January 20, 2023 amended the Companies (Registration Offices and Fees) Rules, 2014.

Our weekly newsletter, covers all regulatory updates such as RBI vide notification dated January 16, 2023 notified the guidelines for acquiring and holding the shares in the Banking Companies. IFSCA vide Circular dated January 18, 2023 issued detailed framework for Disclosure by Fund Management Entities for Environmental, Social or Governance (“ESG”) Schemes and order passed by SEBI.

Our weekly newsletter, covers all regulatory updates such as MCA vide Circular dated January 09, 2023 set out the procedure for filing e-Form GNL-2 and e-Form MGT-14 in the course of the said forms being unavailable for filing on the MCA portal, MCA vide Circular dated January 09, 2023 issued a release plan of 45 company e-Forms in MCA 21 Version 3, SEBI vide Circular dated January 11, 2023 granted permission to the Stock Exchanges to launch multiple contracts on the same commodity in the commodity market segment, SEBI vide Notification dated January 09, 2023 amended the Alternative Investment Funds (“AIF”) Regulations, SEBI vide Circular dated January 10, 2023 laid down certain modification to the comprehensive framework on Offer for Sale (OFS) of shares through Stock Exchange Mechanism, SEBI vide Notification on January 09, 2023 notified the SEBI (Registrars to an Issue and Share Transfer Agents) (Amendment) Regulations, 2023, SEBI vide Circular on January 10, 2023 issued introduction of future contracts on Corporate Bonds Indices, SEBI vide Circular dated January 10, 2023 issued change in control of Portfolio Managers providing co-investment services, SEBI vide Circular dated January 09, 2023 issued Standard Operating Procedure for handling of Stock Exchange Outage and extension of trading hours thereof and order passed by NCLAT.

Our weekly newsletter, covers all regulatory updates such as RBI vide notification dated January 04, 2023 notified the Rationalisation of reporting in Single Master Form (SMF) on FIRMS Portal, SEBI vide circular dated January 05, 2023 issued relaxation to issuers of listed securities in terms of sending hard copies of their Annual Report with other documents to the select holders of such listed securities, SEBI vide circular dated January 05, 2023 issued relaxation to issuers of listed non-convertible securities to send hard copies of their Annual Report with other related documents to the select debenture holders, SEBI vide the circular dated January 05, 2023 notified Monitoring and Periodical reporting of the compliance with the requirements pertaining to ‘Security and Covenant Monitoring’ system hosted by Depositories, SEBI vide the circular January 05,2023 notified Extension of timelines for entering and verification of the details of the existing outstanding non-convertible securities in the ‘Security and Covenant Monitoring’ system hosted by Depositories and judgement / orders passed by Supreme Court.

Our weekly newsletter, covers all regulatory updates such as MCA vide Circular dated December 28, 2022 issued a clarification on ordinary and special resolutions passed by the company under Companies Act and rules made pursuant to Covid-19; MCA vide circular dated December 28,2022 issued clarification of holding of Annual General Meeting (“AGM”) through Video Conference (“VC”) and Other Audio Visual Means (“OAVM”).

Our weekly newsletter, covers all regulatory updates such as SEBI vide Circular dated December 19,2022 issued clarification on enhanced guidelines for debentures trustees and listed issuer companies on security creation and initial due diligence, IBBI vide Circular dated December 21, 2022 issued the proforma for reporting the liquidator’s decision(s) when it is in variance with the Stakeholders’ Consultation Committee (SSC) under Regulation 31A of IBBI (Liquidation Process) Regulations, 2016, IFSCA vide Press Release dated December 21, 2022 enumerated the salient features of the Regulatory Framework for Distribution of Capital Market Products and Services and order passed by SEBI .

Our weekly newsletter, covers all regulatory updates such as RBI vide Circular on December 12, 2022 issued Master Direction on Foreign Exchange Management (Hedging of Community Price Risk and Freight Risk in Overseas Markets) Directions, 2022, IBBI vide Notification dated December 12, 2022 issues the Insolvency Professional to act as an Interim Professional, Liquidator, Resolution Professional and Bankruptcy Trustee Guidelines, 2022 and judgement passed by High Court.

Our weekly newsletter, covers all regulatory updates such as SEBI vide notification dated December 05, 2022 notified the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Seventh Amendments) Regulations, 2022.

Our weekly newsletter, covers all regulatory updates such as SEBI vide Circular dated December 01,2022 notified Extension of timeline for implementation of Standardized industry classification by Credit Rating Agencies (“CRAs”), SEBI vide Circular dated November 29, 2022 Introduced credit risk based single issuer limit for investment by mutual fund schemes in debt and money market instruments, SEBI vide Circular dated December 01, 2022 issued Operational Circular for listing obligations and disclosure requirements for Non-Convertible Securities, Securitized Debt Instruments and/or Commercial Paper, SEBI vide Circular dated November 28, 2022 streamlines the procedure for seeking prior approval for change in control, SEBI vide Circular dated November 30, 2022 reviewed timelines and standardised for listing of securities issued on a private placement basis, RBI vide Circular dated December 1, 2022 notified Compliance with statutory/regulatory norms for operations of subsidiaries and branches of Indian banks and All India Financials Institutions (“AIFIs”) in foreign jurisdictions and in International Financial Services Centers (“IFSCs”) IFSCA vide Notification notifies International Financial Services Centres Authority (Maintenance of Website) Regulations, 2022 and judgement / orders passed by SEBI and NCLAT.

Our weekly newsletter, covers all regulatory updates such as SEBI vide Notification dated November 14, 2022 notified the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Sixth Amendment) Regulations, 2022, SEBI vide Notification dated November 15, 2022 amends the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Second Amendment) Regulation, 2022, SEBI vide Notification dated November 15, 2022 notified the Securities and Exchange Board of India (Mutual Funds) (Third Amendment) Regulations, 2022, SEBI vide Notification dated November 15, 2022 notified the Securities and Exchange Board of India (Alternative Investment Funds) (Fourth Amendment) Regulations, 2022, SEBI vide Circular on November 17,2022 notified Guidelines for AIFs for declaration of first close, calculation of tenure and change of sponsor/manager or change in control of sponsor/manager, SEBI Vide Circular dated November 17, 2022 issued an amendment for change in operational aspects with reference to scheme(s) of arrangement by entities who have listed their Non-Convertible Debt securities(“NCDs”)/Non-convertible Redeemable Preference shares (“NCRPS”), IFSCA vide Press Release dated November 16, 2022 details about the MoU executed with Reserve Bank of India (“RBI”), IFSCA vide Circular dated November 16, 2022 issued Guidelines for Business Continuity Plan (“BCP”) and Disaster Recovery (“DR”) for Market Infrastructure institutions (“MIIs”) and judgement / orders passed by NCLAT, SEBI and IBBI.

Our weekly newsletter, covers all regulatory updates such as SEBI vide circular dated November 07, 2022 issued master circular on redressal of investor grievances through SEBI Complaints Redress Systems (SCORES) platform, SEBI vide circular dated November 10, 2022 imposed the applicability of GST on fees remitted to SEBI for issue and listing of Non-convertible Securities (NCS), Securitized Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper, SEBI vide notification dated November 07, 2022 issued Master Circular on issuance of No Objection Certificate (“NOC”) for release of 1% of Issue Amount, IBBI vide circular dated November 09, 2022 have reviewed the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations [“IP Regulation”], 2016, other relevant regulations and rescinded circulars that are no longer required on account of being already provided in relevant regulation and judgement / orders passed by SEBI and High Court.

Our weekly newsletter, covers all regulatory updates such as SEBI vide circular dated October 31, 2022 issued modifications to the Operational Guidelines pertaining to International Securities Identification Number (ISIN) for the issue and listing of Non-Convertible Securities (NCS), Securitized Debt Instruments (SDI), Security Receipts (SR), Municipal Debt Securities and Commercial Paper (CP), SEBI vide circular dated October 31,2022 issued guidelines to Standardise Rating Scale usage by Credit Rating Agencies (“CRAs”), IFSCA vide notification dated November 03, 2022 issued IFSCA (Anti Money Laundering, Counter Terrorist-Financing and Know Your Customer) Guidelines, 2022. IBBI vide Circular dated November 02, 2022 amends the Annual Compliance Certificate for Insolvency Professional Agencies

Our weekly newsletter, covers regulatory update such as SEBI vide Circular dated October 27, 2022 issued a clarification on block mechanism in demat account of clients undertaking sale transactions.

Our weekly newsletter, covers all regulatory updates such as RBI vide Circular dated October 11, 2022 notified the classification of NBFCs into Middle Layer, RBI vide Notification dated October 11, 2022 modified the Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021, SEBI vide Circular dated October 10, 2022 reviewed the provisions pertaining to Electronic Book Provider (EBP) Platform, IFSCA vide Notification dated October 11, 2022 issued International Financial Services Centres Authority (Setting up and Operation of International Branch Campuses and Offshore Education Centres) Regulations, 2022, IFSCA vide Circular dated October 12, 2022 issues Standard Operating procedure (“SOP”) for Inter-operable Regulatory Sandbox (IoRS)and Order passed by SEBI.

Our weekly newsletter, covers all regulatory updates such as RBI vide Notification dated October 06, 2022 issued Reserve bank of India (Credit Information Companies- Internal Ombudsman) Directions, 2022, SEBI vide Circular dated October 03, 2022 brought in the extension in timeline for entering the details of existing outstanding non-convertible securities in the ‘Security and Covenant Monitoring’ system hosted by Depositories, SEBI vide Circular dated October 06, 2022 issued modifications to the guidelines regarding execution of ‘Demat Debit and Pledge Instruction’ (DDPI) for transfer of securities towards deliveries / settlement obligations and pledging / re-pledging of securities and judgement passed by High Court.

Our weekly newsletter, covers all regulatory updates such as MCA vide Circular dated September 28, 2022 issued an extension for filing the Form DIR-3 KYC and DIR-3 KYC Web without levy of additional fees, RBI vide notification dated September 30, 2022 issued the late submission fees in reporting delays under Foreign Exchange Management Act, 1999, SEBI vide circular dated September 28, 2022 amended the guidelines for preferential issue and institutional placement of units listed by Infrastructure Investment Trust (InvIT) and Real Estate Investment Trust (REIT), SEBI vide circular dated September 26, 2022 issued modifications in the Operational Guidelines for FPIs, DDPs and EFIs pertaining to FPIs registered under Multiple Investment Managers (MIM) structure, SEBI vide circular dated September 29, 2022 details about Participation of SEBI registered Foreign Portfolio Investors (FPIs) in Exchange Traded Commodity Derivatives in India, IBBI vide Press Release No. IBBI/PR/2022/39 dated September 30, 2022, amended Insolvency and Bankruptcy Board of India (Insolvency Professionals), Regulations 2016 and decided to institutionalise the profession of IP (Insolvency Professionals) and judgement passed by Supreme Court.

Our weekly newsletter, covers all regulatory updates such as MCA vide Notification dated September 20, 2022 amended Companies (Corporate Social Responsibility Policy) Rules, 2014, SEBI vide Circular dated September 22, 2022 issued the issue and listing of commercial papers by Infrastructure Investment Trust (InvIT) and Real Estate Investment Trust (REIT), SEBI vide Circular dated September 19, 2022 issued the framework on Social Stock Exchange (“SSE”), IBBI vide Notification dated September 20, 2022 issued the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2022, IBBI vide Notification dated September 20, 2022 issued Insolvency and Bankruptcy Board of India (Information Utilities) (Second Amendment) Regulations, 2022, IBBI vide Notification dated September 20, 2022 issued Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Third Amendment) Regulations, 2022 and judgement passed by Supreme Court.

Our weekly newsletter, covers all regulatory updates such as MCA vide notification dated September 15, 2022 amended Companies (Specification of Definition Details) Rules, 2014, RBI vide notification dated September 15, 2022 issued the Rupee-Drawing Arrangement to enable the Bharat Bill Payment System (BBPS) to process the Cross Border inbound Bill Payments, RBI vide notification dated August 16, 2022 issued the master directions on interest rates on deposits, IFSCA Vide Circular dated September 12, 2022 issued Guidelines for implementation of the IFSCA (FinTech Incentive) Scheme, 2022, IBBI vide notification dated September 13, 2022 issued Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2022, IBBI vide notification dated September 13, 2022 issued Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2022, IBBI vide Circular dated September 13, 2022 expressed their concern and requested Insolvency Professionals (“IPs)” to share Details of matters pending with Supreme Court of India and various High Courts, IBBI Vide notification dated September16, 2022 issued Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Second Amendment) Regulations, 2022, IBBI Vide notification dated September 16, 2022 issued “Insolvency and Bankruptcy Board of India (Liquidation Process) (Second Amendment) Regulations, 2022” and “Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2022 and order passed by Supreme Court.

Our weekly newsletter, covers all regulatory updates such as MCA vide Notification dated September 05, 2022 amended Section 55 of Insolvency and Bankruptcy Code, 2016, RBI vide Notification dated September 07, 2022 reviewed the Prudential Norms – Risk Weights for Exposures guaranteed by Credit Guarantee Schemes (CGS) IFSCA vide Circular dated September 09, 2022 Amended the guidelines for Liquidity Enhancement Scheme and order passed by SEBI.

Our weekly newsletter, covers all regulatory updates such as MCA vide notification dated August 29, 2022 issued the Companies (Acceptance of Deposit) Amendment Rules, 2022, MCA vide notification dated August 29, 2022 issued the Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2022, MCA vide notification dated August 29, 2022 issued Companies (Registration of Charges) Second Amendment Rule, 2022 and other critical judgements passed by NCLAT and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as RBI vide Notification dated August 22, 2022 details out the Overseas Investment Regulations and Directions SEBI vide Circular dated August 25, 2022 issued the disclosure requirements for the Asset Management Companies (“AMCs”), SEBI vide Notification dated August 22, 2022 issued notification amending the Portfolio Managers Regulations, SEBI vide Circular dated August 25, 2022 issued the advanced disclosures to be made by the Credit Rating Agencies (“CRAs”) and withdrawal of rating, IFSCA vide Circular dated August 25, 2022 issued Directions for Issuance of Debit Cards by IFSC Banking Units (”IBUs”) and other critical judgements passed by SEBI, High Court and IBBI.

Our weekly newsletter, covers all regulatory updates such as MCA vide notification dated August 18, 2022 issued the Companies (Incorporation) Third amendment rules 2022, SEBI vide circular dated August 17, 2022 details out the guidelines for overseas investments by Alternative Investment Funds (AIFs)/ Venture Capital Funds (VCFs)and other critical judgements passed by SEBI and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as RBI vide Circular dated August 11, 2022 notified the Amendments to the Prudential Guidelines on Bilateral Netting of Qualified Financial Contracts, IFSCA vide Circular dated August 5, 2022 issued Standard Operating Procedure for Qualified Jewelers importing gold through India International Bullion Exchange, IFSCA vide Press Release dated August 4, 2022 published that IFSCA has become a signatory to the International Organization of Securities Commissions (“IOSCO”) MMoU, and other critical judgements passed by IBBI and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as RBI issued notification on Liberalization of External Commercial Borrowings (ECB) Policy dated August 01, 2022, SEBI vide circular dated August 04, 2022 issued guidelines for the debenture trustees and the listed issuer companies on security creation and initial due diligence and other critical judgements passed by SEBI and IBBI.

Our weekly newsletter, covers all regulatory updates such as MCA vide Circular dated July 26, 2022 issued a clarification on spending CSR funds on Har Ghar Tiranga Campaign, MCA publishes the CBDT notification dated July 26,2022 on the process of PAN application and allotment for Limited Liability Partnerships (LLPs), SEBI vide press release dated July 25, 2022 informs the signing of the MoU with Financial Regulatory Commission, Mongolia (FRC), SEBI vide circular dated July 27, 2022 issued further extension amending certain clauses of the Know Your Client (KYC) Registration Agency Regulations, 2011, SEBI vide circular dated July 27, 2022 modified the previous circular issued by it w.r.t. Settlement of Running Accounts of Clients Funds, SEBI issued an operational circular on the Non-Convertible Securities, Securitized Debt Instruments and/ or Commercial Paper with respect to the SEBI (LODR) Regulations, 2015, RBI vide circular dated July 28, 2022 reviewed the timeline for submission of application to seek authorization under the Payment and Settlement Systems Act, 2007 and other critical judgements passed by MCA, NCLAT, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as SEBI vide Circular dated July 18, 2022 imposed GST on the fees payable to SEBI, SEBI vide Circular dated July 20, 2022 enumerates regarding the Sub- KYC Agency User (“Sub-KAU”) norms and other critical judgements passed by SEBI, Supreme Court and High Court.

Our weekly newsletter, covers all regulatory updates such as RBI vide notification dated July 11, 2022 introduced a framework for International Trade Settlement in Indian Rupees (INR), IFSCA vide circular dated July 13, 2022 added Module no. 17 in Conduct of Business (COB) directions of IFSCA banking handbook and issued “The IFSCA Banking Handbook Conduct of Business Directions- v 4.0 (COB)” and other critical judgements passed by SEBI and High Court.

- Our weekly newsletter, covers all regulatory updates such as MCA vide Notification released on July 05, 2022 amended the Companies (Removal of Names of Companies from Registrar of Companies) Rules, MCA vide Notification released on July 05, 2022 amended the Companies (Incorporation) Rules, RBI issued Notification on requirement for obtaining prior approval in case of takeover / acquisition of control of non-bank Payment System Operators (“PSO”) and sale / transfer of payment system activity of non-bank PSO, RBI vide Notification dated July 07, 2022 notified the ‘Fully accessible Route’ for Investment by non-residents in Government Securities to Foreign Portfolio Investors (“FPIs”), RBI vide Notification dated July 07, 2022 notified the regulatory relaxation for the authorised dealer category-1 medium term framework for Foreign Portfolio Investors (“FPIs”), SEBI vide Circular dated July 04, 2022 amended Circular no. SEBI/HO/DMS/CIR/P/2017/15 dated February 23, 2017 relating to investor grievance redressal mechanism, SEBI vide Circulars dated July 05, 2022 and July 06, 2022 modified the Cyber Security and Cyber resilience framework of KYC Registration Agencies (“KRAs”) and Qualified Registrars to an Issue and Share Transfer Agents (“QRTAs”), respectfully and other critical judgements passed by High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as MCA vide Circular dated June 29, 2022 extended the timeline for filing LLP FORM 11 and relaxing additional fee on the same, SEBI vide Circular dated June 30, 2022 modified the framework of Cyber Security and Cyber Resilience for Stock Brokers and Depository Participants, SEBI Issues Circular extending the timeline for Execution of ‘Demat Debit and Pledge Instruction’(“DDPI”) for transfer of securities towards deliveries / settlement obligations and pledging / re-pledging of securities’, SEBI Vide Circular dated June 28, 2022 amended the previous guidelines issued on Adjustment in derivative contracts for dividend announcements SEBI vide Circular dated June 30, 2022 partially modified the forms for “Disclosure of holding of specified securities and Holding of specified securities in dematerialized form”, IFSCA vide Circular dated June 28th, 2022 states Broker Dealers to be refunded their deposits on surrender of membership, IFSCA Circular on committees on Market Infrastructure Institutions, IFSCA issues Circular on the Angel Investor under IFSCA (Fund Management) Regulations, 2022, IFSCA vide Press Release dated July 01, 2022 details out the Regulatory Framework on investments to be made in the startups by the Angel Funds and critical order passed by SEBI and NCLT.

Our weekly newsletter, covers all regulatory updates such as MCA amends Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016. SEBI vide Circular dated June 21th, 2022 modified the operational guidelines for Foreign Portfolio Investors and designated Depository Participants, SEBI issues Circular with guidelines for the tagging/naming of the DEMAT accounts maintained by the stock brokers, SEBI vide Circular dated June 24, 2022 issued extension of time line for Implementing a Circular “Guidelines in pursuance of amendment to SEBI KYC (Know Your client) Registration Agency (KRA)Regulations, 2011” dated April 06, 2022, SEBI issues Circular reducing the timelines for listing of units of privately placed Infrastructure Investment Trust (InvIT), SEBI vide Circulars dated June 24, 2022 introduces Unified Payments Interface (UPI) mechanism for Infrastructure Investment Trusts(InvIT) and Real Estate Investment Trusts (REIT), SEBI issues guidelines for Large Value Fund for Accredited Investors under SEBI (Alternative Investment Funds) Regulations, 2012 and Requirement of Compliance Officer for Managers of all AIFs. and critical order passed by SEBI and High Court.

Our weekly newsletter, covers all regulatory updates such as MCA vide notification dated June 10, 2022 amended the Companies (Appointment and Qualification of Directors) Rules 2014, SEBI vide circular dated June 15th, 2022 issued guidelines on Nomination for mutual fund unit holders and critical order passed by SEBI and High Court.

Our weekly newsletter, covers all regulatory updates such as MCA has amended the Companies (Removal of names of Companies from the Registrar of Companies) Amendment Rules 2016, SEBI has issued Circular modifying Cyber Security and Cyber Resilience Framework of Mutual Funds/ Asset Management Companies (AMCs), Stock Brokers and Depository Participants, RBI issues notification for Discontinuation of Return under Foreign Exchange Management Act, 1999 and critical order passed by NCLAT.

Our weekly newsletter, covers all regulatory updates such as MCA has notified the Companies (Appointment and Qualification of Directors) Amendment Rules, 2022, MCA has issued Circular granting relaxation on paying additional fees in case of delay in filing all the event-based e-forms by Limited Liability Partnership, MCA has issued the Circular providing clarifications on main object of Section 8 Companies as Micro Finance/ Micro Credit activities. SEBI has issued Circular on processing the ASBA applications in public issues of Equity Shares and convertibles, SEBI has issued Circular granting extension of facility for conducting the annual general meeting and other meeting of unit holders of REIT`s and InVIT`s through video conferencing or through other audio-visual means (OVAM). SEBI has issued Circular on Standard Operating Procedures (SOP) for dispute resolution under stock exchange arbitration mechanism.

Our weekly newsletter, covers all regulatory updates such as MCA issues Circular granting relaxation on paying additional fees in case of delay in filing of Form 11 (Annual Return) by Limited Liability Partnership, SEBI issues Circular on simplification of procedure and standardization of formats of documents for issuance of duplicate securities certificates and critical judgements/orders passed during the week by SEBI, NCLAT and High Court .

- Our weekly newsletter, covers all regulatory updates such as MCA has notified the Companies (Incorporation) Second Amendment Rules, 2022, SEBI issues Circular on operational guidelines for specifying formats and documents for the transmission of securities, SEBI vide Press Release dated May 19th, 2022 withdraws Permanent Recognition granted to Indian Commodity Exchange Ltd, RBI issues clarification on new definition of Micro, Small and Medium Enterprises, IFSCA issues fee structure under the IFSCA (Fund Management) Regulations, 2022 and critical judgements/orders passed during the week by SEBI High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as SEBI vide notification has made amendment in Infrastructure Investment Trusts Regulations 2014, SEBI has issued a notification on amendment in Collective Investments Scheme (CIS) Regulation, 1999, SEBI vide press release no. 16/2022 grants NSDL Database Management Limited (NDML) to act as an Accreditation Agency, SEBI has issued the circular granting relaxation of certain provisions of SEBI (Listing Obligations and Disclosure Regulations) 2015 and critical judgements/orders passed during the week by SEBI and NCLAT.

Our weekly newsletter, covers all regulatory updates such as MCA issues notification amending Companies (Prospectus and allotment of securities) Rules vide circular dated May 05th, 2022, MCA issues clarification on the conduct of Annual General Meeting (AGM) and Extra Ordinary General Meeting (EOGM) through audio visual means, SEBI guidelines on System and Network Audit of Market Infrastructure Institutions (MIIs), SEBI constitutes advisory committee on Environmental, Social and Governance (ESG) matters and critical judgements/orders passed during the week by SEBI. High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as MCA issues Companies (Registration of Charges) Rules 2014 pertaining the creation or modification of charges by banking Company, RBI notifies Guidelines on Compensation of Key Managerial Personnel (KMP) and Senior Management in NBFCs, IFSCA vide notification dated April 25, 2022 notifies IFSCA (Fin Tech Incentive) Scheme 2022, IFSCA vide notification dated April 25, 2022 issued IFSCA (Fund Management) Regulations 2022, IFSCA Vide Circular dated April 26, 2022 issued Guidance framework on Sustainable and Sustainability linked lending by financial institutions, IFSC issues a circular on enabling market access to investors through Authorized persons registered with IFSCA, IFSC issues circular stating the framework for FinTech Entity in the International Financial Services Centres (IFSCs), SEBI issues the guidelines for the regulation of Infrastructure Investment Trusts (INVITs) and Real Estate Investment Trusts (REITs) and critical judgements/orders passed during the week by SEBI.

Our weekly newsletter, covers all regulatory updates such as MCA issues amendments relating to Nidhi Companies, RBI notifies revised regulatory framework’ for NBFCs, Disclosures in Financial Statements- Notes to Accounts of NBFCs, RBI notifies certain regulatory restrictions on lending in respect of NBFCs placed in different layers of NBFC ‘s [Middle Layer (ML) and Upper Layer (UL)], RBI issues notification asking non-individual borrowers enjoying aggregate exposure of ?5 crores to obtain LEI, SEBI issues operational guidelines for “Security and Covenant Monitoring using Distributed Ledger Technology (DLT), SEBI issues Circular streamlining the process of public issues and redressal of investor grievances and critical judgements/orders passed during the week by SEBI and High court.

Our weekly newsletter, covers all regulatory updates such as RBI issues notification where in the role and function of Chief Compliance Officer (CCO) in NBFCs are explained, Securities and exchange board of India (issue and listing of nonconvertible securities) (amendment) regulations, 2022, SEBI Amends vide multiple notifications dated April 11, 2022 amends and issues SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2022, SEBI (Debenture Trustees) (Amendment) Regulations, 2022, SEBI Issues Comprehensive Risk Management Framework for Electronic Gold Receipts (EGR) segment. SEBI Issues circular clarifying the risk parameters for classifying commodities for Risk O Meter. Expert Committee on Longevity Finance recommends setting up of Longevity Hub at GIFT-IFSC. Ministry amends and issues new Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2022 and critical judgements/orders passed during the week by SEBI and High court.

Our weekly newsletter, covers all regulatory updates such as MCA issues Companies (Management and Administration) Amendment Rules 2022 wherein sub rule (3) of Rule 14 has been inserted, SEBI revises the UPI limits for public issue of Equity Shares and convertibles for individual investors under Application Supported by Blocked Amount (ASBA), SEBI issues the circular for execution of Demat Debit and Pledge Instruction (“DDPI”) for transfer of securities towards deliveries / settlement obligations and pledging / re-pledging of securities, SEBI issues the Circular pursuant to amendment in SEBI KYC Registration Agency (KRA) regulations 2011, SEBI issues the Circular clarifying the applicability of Regulations of the SEBI (LODR) Regulations, 2015 in relation to Related Party Transactions and critical judgements/orders passed during the week by SEBI and High court.

Our weekly newsletter, covers all regulatory updates such as MCA extends the applicability of proviso to Rule 3(1) & proviso to Rule 12(1B) of the Companies (Accounts) Rules, 2014, SEBI issues operational guidelines for ‘Security and Covenant Monitoring’ using Distributed Ledger Technology (“DLT”), SEBI issues Circular clarifying the applicability of Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in relation to Related Party Transactions, SEBI issues Circular with timelines for rebalancing of portfolios of Mutual Fund schemes to bring uniformity across Mutual Funds with respect to timelines for rebalancing of portfolio, SEBI issues Circular on calculation of investment concentration norm for Category III AIFs, SEBI issues Circular on product specifications pertaining to the Electronic Gold Receipts (“EGR”) segment in India, SEBI vide Press Release informed the public at large about the outcomes of board meeting held at Mumbai on March 29, 2022 and critical judgements/orders passed during the week by SEBI, NCLAT and High court.

Our weekly newsletter, covers all regulatory updates such as SEBI amends Securities and Exchange Board of India (Listing obligations and Disclosure Requirements) Regulations 2015 ,RBI has issued an amendment to Master Direction on (Classification, Valuation and Operation of Investment Portfolio of Commercial Banks) Directions 2021 and critical judgements/orders passed during the week by SEBI, High court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as SEBI issues Securities and Exchange Board of India (Alternative Investment Funds) (Second Amendment) Regulations, 2022 vide Notification dated March 16, 2022, SEBI responds to YES Bank Limited (“YBL”) request for interpretation of provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015 of by issuing an informal guidance letter in form of informative letter under SEBI (Informal Guidance) Scheme, 2003 vide letter dated March 16, 2022, RBI issues Master Direction on Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022 vide Notification dated March 14, 2022, DPIIT permits Foreign Investment in Life Insurance Corporation of India (“LIC”) and other modifications for further clarity in existing FDI policy vide Press Note dated March 14, 2022 and critical judgements/orders passed during the week by NCLAT, SEBI, High court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as MCA introduced the Limited Liability Partnership Second Amendment Rules 2022 for the facilitation of compliance and incorporation of LLPs, SEBI amends the operational circular for issue and listing of Non-convertible securities, Securitized Debt Instruments, security receipts, Municipal Debt securities and commercial paper for ease of investment for investors, SEBI issues the circular Automating the disclosure requirements under SEBI (Substantial Acquisition of Shares and takeover) Regulations 2011, SEBI imposes penalty for dealings in illiquid stock options at BSE, The Securities Appellate Tribunal (SAT) has passed an order declining to stay the observations of SEBI for non-disclosure of outcome of Annual General Meeting of the Company to stock exchanges and critical judgements/orders passed during the week by High court and Supreme Court.

Our weekly newsletter, covers all updates such as RBI issues notification approving investment in Umbrella Organization (UO) by Primary (Urban) Co-operative Banks and critical judgements passed during the week by SEBI, NCLT, High court and Supreme Court.

Our weekly newsletter, covers regulatory updates such as MCA issues Frequently Asked Questions (“FAQ’s) for the MCA V3 portal.

Our weekly newsletter, covers all regulatory updates such as MCA issues Circular relaxing additional fees for filing e-forms AOC-4, AOC-4 XBRL, AOC-4(CFS), MGT7/7A for financial year ended March 31,2021, SEBI issues Press Release summarizing the outcome of board meeting dated February 15,2022, SEBI issue Corrigendum to Master Circular for Depositories on opening of demat account in case of HUF, SEBI issues Press Release where, union finance minister addresses board members of SEBI on February 15, 2022, RBI issues clarification on new Definition of Micro, Small and Medium Enterprises, RBI issues Notification regarding Regulations Review Authority (RRA 2.0) – Interim Recommendations – Online Submission of Returns and critical judgements passed during the week by SEBI.

Our weekly newsletter, covers all regulatory updates such as MCA issue notification for Companies (Accounts) Amendment Rules, 2022, SEBI issue circular on Framework for conversion of Private Listed InvIT into Public InvIT, SEBI issue Circular on Conversion of Private Unlisted InvIT into Private Listed InvIT, SEBI issue circular on Audit Committee of Asset Management Companies (AMCs), RBI issues master Circular on Asset Reconstruction Companies to have all current instructions/ guidelines on the subject at one place and critical judgements passed during the week by SEBI, High court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as SEBI issue Guidelines on Accounting with respect to Indian Accounting Standards (IND AS), SEBI issues circular on Schemes of Arrangement by Listed Entities, SEBI issues Circular relating to change in control of the asset management company involving scheme of arrangement under Companies Act, 2013, IFSCA notifies IFSCA (Insurance Web Aggregator) Regulations, 2022.and critical judgements passed during the week by High court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as SEBI issue Circular on issuance of securities in dematerialized form in case of Investor Service Requests, SEBI issues Circular on introduction of Special Situation Funds as a sub-category under Category I AIFs, Amendment to SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations 2003 and critical judgements/orders passed during the week by SEBI, High court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as RBI vide press release dated January 20, 2022 issues regulations under the amended Factoring Regulation Act, 2011, Amendment to Securities and Exchange Board of India (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995 and critical judgements/orders passed during the week by NCLAT, SEBI, High court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as MCA amends Companies (Registration Offices and Fees) Rules, 2014 vide notification dated January 11, 2022, MCA appoints July 1st, 2022 as the date on which the provisions of second and third proviso to clause (i) of section 80 of Companies (Amendment) Act, 2017 and section 56 of Companies (Amendment) Act, 2020 respectively shall come into force, SEBI issues Framework for operationalizing the Gold Exchange in India vide Circular dated January 10, 2022, SEBI vide a Press Release dated January 12, 2022 grants recognition to CDSL Ventures Limited as an Accreditation Agency and critical judgements/orders passed during the week by High court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as RBI Issues Master Circular - Bank Finance to Non-Banking Financial Companies (NBFCs) vide Notification dated January 05, 2022, SEBI issues Clarification w.r.t. timing of submission of NOC from the lending scheduled commercial banks/ financial institutions/ debenture trustee vide Circular dated January 03, 2022, SEBI issues guidance for Increasing Awareness regarding Online Mechanisms for Investor Grievance Redressal vide Circular dated January 05, 2022, IFSCA amends International Financial Services Centers Authority (Insurance Intermediary) Regulations, 2021 , IFSCA amends International Financial Services Centers Authority (Registration of Insurance Business) Regulations 2021, IFSCA issues Circular dated January 04, 2022 on SWIFT Operations in IBU and critical judgements/orders passed during the week by SEBI, High court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as MCA extends relaxation on levy of additional fee of annual filings for financial year 2020-21 vide General Circular dated December 29, 2021,SEBI issues Circular on non- compliance with provisions related to continuous disclosure vide Circular dated December 29, 2021 and critical judgements/orders passed during the week by SEBI.

Our weekly newsletter, covers all regulatory updates such as SEBI introduces Portfolio Management Services for Accredited Investors, SEBI introduces Investment Advisory Services for Accredited Investors, SEBI permits Real Estate and Infrastructure Investment Trusts extension to conduct Annual Meetings of Unitholders through VC/OAVM till December 31, 2021, SEBI issues Circular for Restoration of relaxed timelines w.r.t. validity of observation letter pertaining to Mutual Funds, IFSCA proposes regulatory fee structure for recognised stock exchanges in the IFSC and critical judgements/orders passed during the week by SEBI, NCLT and High Court.

Our weekly newsletter, covers all regulatory updates such as MCA issues clarification on conducting Annual General Meeting (“AGM”) through Video Conferencing (“VC”) or Other Audio Visual Means (“OAVM”), MCA issues clarification on conducting Extraordinary General Meeting (‘EGM”) through Video Conferencing (“VC”) or Other Audio Visual Means (“OAVM”), SEBI amends and issues Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2021, EBI mandates transaction in Corporate Bonds through request for quote platform by Portfolio Management Services (“PMS”), SEBI issues clarification on usage of pool accounts by the Mutual Funds, SEBI issues clarification regarding amendment to SEBI (Portfolio Managers) Regulations, 2020 (“PMS regulations”)and critical judgements/orders passed during the week by SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as SEBI mandates Publishing of Investor Charter and disclosure of Investor Complaints by Stock Brokers on their websites vide Circular dated December 02, 2021, IFSCA issues Clarifications on Disclosure of Dealing in Securities by Directors and Key Management Personnel (“KMP”) of all recognized Market Infrastructure Institutions (“MIIs”) in GIFT vide Circular Dated November 30, 2021 IFSCA permits Investment Banking Activities in IFSC Vide Circular Dated December 03, 2021 and critical judgements/orders passed during the week by NCLT & High Court.

Our weekly newsletter, covers all regulatory updates such as SEBI issues clarifications regarding amendments made to SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”) vide Circular dated November 22,2021, SEBI Mandates certain disclosures to be made by Merchant Bankers (“MB”) vide Circulars dated November 23, 2021 and November 26, 2021, SEBI mandates certain disclosures to be made by Stock Exchanges, Depositories and Clearing Corporations vide Circular dated November 23, 2021, SEBI extends timeline for segregation and monitoring of collateral at client level vide Circular dated November 23, 2021, SEBI issues norms for Silver Exchange Traded Funds (“Silver ETFs”) and Gold Exchange Traded Funds (“Gold ETFs”) vide Circular dated November 24, 2021, IFSCA permits Broker Dealers to access exchanges in jurisdictions outside IFSC vide Circular Dated November 25, 2021 and critical judgements/orders passed during the week by High Court and Supreme Court..

Our weekly newsletter, covers all regulatory updates such as SEBI amends Master Circular on framework for Schemes of Arrangement by listed entities, SEBI amends the SEBI (Intermediaries) Regulation, 2008, IBBI issues clarification regarding obtaining No Objection Certificate or No Dues Certificate from the Income Tax Department during Voluntary Liquidation Process and critical judgements/orders passed during the week by High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as MCA initiates process of de- flagging of eligible DINs vide Notice dated November 10, 2021, SEBI permits Foreign Portfolio Investors (“PFI”) to write - off debt securities vide Circular dated November 08, 2021, SEBI amends Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 vide Gazette Notification Dated November 09, 2021, SEBI amends provisions of Related Party Transactions (“RPT”) under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 vide Gazette Notification dated November 09, 2021, SEBI amends provisions of Securities and Exchange Board of India (Portfolio Managers) Regulations, 2020 vide Gazette Notification dated November 09, 2021, SEBI amends provisions of Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 vide Gazette Notification dated November 09, 2021, IFSCA issues clarity on minimum holding period on sale/transfer of loan assets vide Circular dated November 11, 2021, IFSCA amends and introduces various Handbooks on various topics vide Circulars Dated November 12, 2021 and critical judgements/orders passed during the week by High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as SEBI issues clarification on dealing in unregulated products by SEBI registered Debenture Trustees vide Press Release dated November 03, 2021, SEBI issues common and simplified norms for processing investor’s service request by RTAs and norms for furnishing PAN, KYC details and Nomination vide Circular dated November 03, 2021, IFSCA notifies International Financial Services Centres Authority (Operations of International Financial Services Centres Insurance Intermediary Offices) Guidelines, 2021. vide Circular dated November 01, 2021 and critical judgements/orders passed during the week by NCLT.

Our weekly newsletter, covers all regulatory updates such as MCA relaxes additional fees in case of delay in filing Form 8 (the Statement of Account and Solvency) by Limited Liability Partnerships (LLPs) up to December 30, 2021, MCA extends last date of filing of Cost Audit Report to the Board of Directors under Rule 6(5) of the Companies (Cost Records and Audit) Rules, 2014, MCA provides Relaxation on levy of additional fees in filing of various e-forms under the Companies Act, 2013, MCA further extends last date of filing of Cost Audit Report to the Board of Directors under Rule 6(5) of the Companies (Cost Records and Audit) Rules, 2014, SEBI amends (Issue of Capital and Disclosure Requirements) Regulations, 2018, SEBI amends Foreign Portfolio Investors (FPI) Regulations, 2019, SEBI issues Guiding Principles for bringing uniformity in Benchmarks of Mutual Fund Schemes SEBI modifies Investment/ trading in securities by employees and Board members of AMC(s) and Trustees of Mutual Funds, IFSCA issues International Financial Services Centres Authority (Operations of International Financial Services Centres Insurance Offices) Guidelines, 2021 and critical judgements/orders passed during the week by SEBI and High Court.

Our weekly newsletter, covers all regulatory updates such as SEBI issues advisory to Registrar to an Issue and Share Transfer Agents (“RTA”) in relation to Transmission of Securities to joint Holder(s) vide circular dated October 18, 2021, IFSCA issues new regulations to govern insurance intermediaries in IFSC know as International Financial Services Centres Authority (Insurance Intermediary) Regulations, 2021 vide Gazette Notification dated October 18, 2021, IFSCA issues new regulations to govern Capital Market Intermediaries in IFSC know as International Financial Services Centres Authority (Capital Market Intermediaries) Regulations, 2021 vide Gazette Notification dated October 18, 2021, IFSCA issues new regulations to govern Registration of Insurance Businesses in IFSC known as the International Financial Services Centres Authority (Registration of Insurance Business) Regulations, 2021 vide Gazette Notification dated October 18, 2021 and critical judgements/orders passed during the week by NCLT, SEBI, High Court and Supreme Court

Our weekly newsletter, covers all regulatory updates such as SEBI issues Revised Formats for Limited Review/ Audit Report for issuers of nonconvertible securities vide circular dated October 14, 2021, SEBI streamlines the process of issuance of SEBI Complaints Redress System (“SCORES”) Authentication for companies intending to list their securities on SEBI recognized stock exchanges vide Circular dated October 14, 2021 and critical judgements/orders passed during the week by NCLT, SEBI and High Court.

Our weekly newsletter, covers all regulatory updates such as SEBI discontinues usage of pool accounts for transactions in units of Mutual Funds on the Stock Exchange Platforms, SEBI introduces new disclosure mechanism for complaints against the Stock Exchanges and the Clearing Corporation, SEBI amends manner and mechanism of providing exit option to dissenting unit holders under SEBI (Infrastructure Investment Trusts) Regulations, 2014, SEBI issues revised formats for filing financial information for issuers of non-convertible securities, SEBI mandated minimum percentage of trades carried out by Mutual Fund through RFQ platform, DPIIT reviews Foreign Direct Investment (“FDI”) in the Telecom Sector vide Press Note 04 (2021), IFSCA amends OTC derivatives on Indian Government Bonds (“IGBs”) and State Development Loans (“SDLs”) and critical judgements/orders passed during the week by High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as SEBI frames new Risk Management Framework (“RMF”) for Mutual Funds (“MF”) vide Circular dated September 27, 2021, SEBI proposes various amendments and regulations at its Board Meeting vide Press Release dated September 28, 2021, SEBI introduces Swing Pricing Framework for Mutual Funds vide its Circular dated September 29, 2021, IBBI amends the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 vide Gazette Notification dated September 30, 2021, IBBI amends the IBBI (Liquidation Process) Regulations, 2016 vide Gazette Notification dated September 30, 2021 and critical judgements/orders passed during the week by NCLT, SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as MCA grants extension of time for holding of Annual General Meeting (“AGM”) for the financial year ended March 31, 2021, SEBI issues clarifications with respect to alignment of interest of Key Employees (“Designated Employees”) of Asset Management Companies (“AMCs”) and critical judgements/orders passed during the week by NCLT, SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as IFSCA releases Code of Conduct and Code of Ethics for Directors and Key Management Personnel (“KMP”) of recognized Market Infrastructure Institutions (“MIIs”) in GIFT IFSC vide Circular dated September 13, 2021, IFSC permits Non - Bank Custodians operating in GIFT City to acquire clearing membership vide Circular dated September 15, 2021 and critical judgements/orders passed during the week by NCLT SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as SEBI introduces shorter trade settlement cycle, SEBI amends SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”), SEBI amends SEBI (Certification of Associated Persons in the Securities Markets) Regulations, 2007 (“CAPSM Regulations”) and critical judgements/orders passed during the week by SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as SEBI provides for extension of time for seeking membership of BSE Administration & Supervision Limited vide Circular dated August 31, 2021, SEBI revises guidelines for Liquidity Enhancement Scheme in the Equity Cash and Equity Derivatives Segments vide Circular dated September 01, 2021, SEBI amends its Circular dated February 23, 2017 on Amendment pursuant to comprehensive review of Investor Grievance Redressal Mechanism vide Circular dated September 02, 2021. SEBI introduces measures to align interest of Asset Management Companies (‘AMCs’) with the Unitholders of the Mutual Fund Schemes vide Circular dated September 02, 2021 and critical judgements/orders passed during the week by SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as MCA issues Frequently Asked Questions (“FAQ’s”) on Corporate Social Responsibility (“CSR”), SEBI provides for modalities for implementation of the framework for Accredited Investors, IFSCA rolls out invitation for applications to set up International Trade Financing Services Platform (‘ITFS’) at International Financial Services Centre (‘IFSC’), GIFT SEZ, GIFT City, Gujarat and critical judgements/orders passed during the week by SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as MCA amends Companies (Appointment and Qualification of Directors) Rules, 2014 vide Gazette Notification dated August 19, 2021, MCA amends Companies (Creation and Maintenance of databank of Independent Directors) Rules, 2019 vide Gazette Notification dated August 19, 2021, SEBI issues new guidelines on Penalty for Repeated Delivery Default vide Circular dated August 17, 2021, IFSCA issues Guidelines on Factoring and Forfaiting of Receivables vide Circular dated August 17, 2021. and critical judgements/orders passed during the week by NCLT, SEBI and High Court.

Our weekly newsletter, covers all regulatory updates such as MCA amends Schedule III of Companies Act on disclosure norms in financial statements, SEBI extends calendar spread margin benefit in commodity futures contracts, SEBI issues Operational Circular for issue and listing of Non-Convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper, IFSCA issues clarifications regarding International Financial Services Centres Authority (Finance Company) Regulations, 2021, IFSCA issues guidelines on Corporate Governance and Disclosure Requirements for a Finance Company and critical judgements/orders passed during the week by NCLT, SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as MCA amends Companies (Specification of definitions details) Rules, 2014, MCA amends Companies (Registration of Foreign Companies) Rules, 2014, MCA exempts Foreign companies from the provisions of Section 387 to Section 392 of the Companies Act, 2013 SEBI allows non-scheduled Payments Banks to register as Bankers to an Issue, SEBI amends Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, SEBI amends Securities and Exchange Board of India (Portfolio Managers) Regulations, 2020, SEBI amends Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019, SEBI amends Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012, SEBI issues Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Regulations, 2021, SEBI amends Securities and Exchange Board of India (Investment Advisers) Regulations, 2013, SEBI brings modifications in Operational Guidelines for Foreign Portfolio Investors (“FPIs”) and Designated Depository Participants (“DDPs”) pursuant to amendment in SEBI (Foreign Portfolio Investors) Regulations, 2019, SEBI issues instructions on maintenance of Current Accounts in multiple banks by Mutual Funds, SEBI issues requirement of minimum number and holding of unit holders for unlisted Infrastructure Investment Trusts (“InvITs”), SEBI amends the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, SEBI amends the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 and critical judgements/orders passed during the week by NCLT, SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such MCA issues Clarification on spending of CSR funds for COVID-19 vaccination, SEBI mandates Registrar and Transfer Agents of Mutual Funds (“RTAs”) to implement inter operable platforms, SEBI brings modifications in Deployment of unclaimed redemption and dividend amounts and Instant Access Facility in Overnight Funds, SEBI issues clarification with respect to Intra-Day Net Asset Value (NAV) for transactions in units of Exchange Traded Funds directly with Asset Management Companies, SEBI amends the SEBI (Infrastructure Investment Trusts) Regulations, 2014, SEBI amends the SEBI (Real Estate Investment Trusts) (“REIT”) Regulations, 2014, SEBI amends the SEBI (Bankers to an Issue) Regulations, 1994, SEBI issues relaxations in timelines for compliance with regulatory requirements, IBBI amends Guidelines for Technical Standards for the Performance of core services and other services, IBBI directs Insolvency Professional Agencies (“IPA”) to amend their bye laws in respect to provisions regarding monetary penalty and critical judgements/orders passed during the week by NCLT, NCLAT, SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such MCA issues new norms for name change pursuant to order of Government vide Gazette Notification dated July 22, 2021, MCA Notifies Section 4 of the Companies Amendment Act, 2020 vide Gazette Notification dated July 22, 2021, SEBI provides relaxation to Debenture Trustees in complying with timelines under various regulatory requirements vide Circular dated July 20, 2021, SEBI issues Circular on segregation and monitoring of Collateral at Client Level vide Circular dated July 20, 2021, SEBI amends continuous disclosures in compliances by Infrastructure Investment Trusts (“InvITs”) vide circular dated July 22, 2021, SEBI amends continuous disclosures in compliances by Real Estate Investment Trusts (“REITs”) vide circular dated July 22, 2021 IFSCA issues guidelines for issuance of Certificate of Deposits (“CDs”) vide Circular dated July 20, 2021, IFSCA issues International Financial Services Centres Authority (Issuance and Listing of Securities) Regulations, 2021 vide Gazette Notification, IBBI amends Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 vide Gazette Notification dated July 22, 2021 and critical judgements/orders passed during the week by NCLT, SEBI, High Court and Supreme Court

Our weekly newsletter, covers all regulatory updates such SEBI issues Circular on valuation of securities with multiple put options present ab-initio, SEBI issues clarifications with respect to Block Mechanism in demat account of clients undertaking sale transactions vide Circular dated July 16, 2021, SEBI introduces Expected Loss (“EL”) based Rating Scale and Standardisation of Rating Scales Used by Credit Rating Agencies vide Circular dated July 16, 2021, IFSCA provides a new framework for setting up of ITFS, IBBI amends IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 vide Gazette Notification dated July 14, 2021 and critical judgements/orders passed during the week by NCLT, SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such SEBI issues Circular on Standard Operating Procedures (“SOP”) for Market Infrastructure Institutions (“MIIs”) in order to handle technical glitches and payment of “Financial Disincentives, SEBI reduces time for filing application to obtain Non-Objection Certificate (“NOC”) for release of 1% of issue amount, SEBI issues Master Circular for Stock Exchange and Clearing Corporations, EBI issues Circular on Standard Operating Procedures (“SOP”) for listed subsidiary companies desirous of getting delisted through a Scheme of Arrangement, SEBI reduces number of days for advance intimation for modification in contract specifications of commodity derivatives, International Financial Services Centres Authority (“IFSCA”) amends International Financial Services Centres Authority (Banking) Regulations, 2020 and critical judgements/orders passed during the week by NCLT, NCLAT, SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such MCA extends timelines and relaxes levying additional fees on filing of certain forms under the Companies Act, 2013 and LLP Act, 2008 vide General Circular No. 11/2021 dated June 30, 2021, MCA extends relaxations in timeline for filing forms related to creation or modification of charges under Companies Act, 2013 vide General Circular No 12/2021 dated June 30, 2021, SEBI amends, reviews, merges and introduces multiple regulations at its Board Meeting vide Press Release dated June 29, 2021, SEBI introduces cross margin benefit between Commodity Index futures and futures of its underlying constituents or its variants vide Circular dated June 29, 2021, SEBI relaxes timelines for compliance with regulatory requirements vide Circular dated June 30, 2021, SEBI releases Master Circular on for Commodity Derivatives Market dated July 01, 2021and critical judgements/orders passed during the week by NCLAT, SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as MCA extends timelines to allow companies to conduct their Extraordinary General Meetings (“EGMs”) through Video Conference (“VC”) or Other Audio Visual Means (“OAVM”) or transact items through postal ballot, MCA amends the Companies (Accounting Standards) Rules, 2006, IFSCA issues clarification on status of transactions executed at Disaster Recovery (“DR”), IFSCA introduces Negotiated Large Trade (“NLT”) facility on Stock Exchanges located in GIFT CITY, IFSCA issues guidelines on liquidity risk management for a Finance Company (“FC”) / Finance Unit (“FU”), RBI prescribes guidelines on distribution of dividend by NBFCs and critical judgements/orders passed during the week by NCLT, NCLAT, SEBI, SAT, High Court and Supreme Court.

- Our weekly newsletter, covers all regulatory updates such as MCA amends Companies (Meetings of Board and its powers) Rules, 2014 vide Gazette Notification dated June 15, 2021. MCA amends Companies (Creation and Maintenance of databank of Independent Directors) Rules, 2019 vide Gazette Notification dated June 18, 2021. MCA amends Companies (Indian Accounting Standards) Rules, 2015 vide Gazette Notification dated June 18, 2021. SEBI revises the framework for Regulatory Sandbox vide Circular dated June 14, 2021, SEBI provides relaxation from requirement of minimum vesting period under SEBI (Share Based Employee Benefit) Regulations, 2014 vide Circular dated June 15, 2021, SEBI includes listed debt securities within system driven disclosure under Insider Trading Regulations vide Circular dated June 16, 2021, SEBI modifies guidelines on Settlement of Running Account of Client’s Funds lying with Trading Member (“TM”) vide Circular dated June 16, 2021, SEBI modifies norms for investment and disclosure by Mutual Funds in Derivatives vide Circular dated June 15, 2021, SEBI issues Framework for administration and supervision of Investment Advisers under the SEBI (Investment Advisers) Regulations, 2013 vide Circular dated June 15, 2021, Government of India increases Foreign Direct Investment (“FDI”) limit in Insurance Companies from 49% to 74% vide Press Note dated June 14, 2021 and critical judgements/orders passed during the week by NCLT, SEBI, High Court.

Our weekly newsletter, covers all regulatory updates such as The facility of Shops and Establishment Registration introduced through the addition of Form AGILE – PRO – S. SEBI mandates Mutual Funds to classify debt schemes on credit, interest rate risk basis to help investors to make an informed decision while investing in a mutual fund schemes, IFSCA issues clarification on framework for enabling ancillary services at International Financial Services Centres and critical judgements/orders passed during the week by NCLT, SEBI, High Court.

Our weekly newsletter, covers all regulatory updates such as MCA updates list of e-forms for providing waiver of additional fees, SEBI mandates half yearly disclosures regarding loans, guarantees provided to promoters under the Compliance Report on Corporate Governance, SEBI defers applicability of certain disclosures with respect to certain schemes, SEBI provides relaxation in compliances pertaining to Alternative Investment Funds (“AIFs”) and Venture Capital Funds (“VCFs”), SEBI provides one-time relaxation pertaining to ‘Off-market’ transfer of securities by Foreign Portfolio Investors (“FPI”), SEBI streamlines the process of Initial Public Offering (“IPOs”) with Unified Payment Interface (“UPI”) in Application Supported by Blocked Amount (“ASBA”) and redressal of investor grievances, SEBI enhances Overseas Investment Limits for Mutual Funds and critical judgements/orders passed during the week by NCLT, SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as MCA provides clarification on offsetting the excess Corporate Social Responsibility (“CSR”) amount spent for FY 2019-20 vide Circular dated May 20, 2021, SEBI enhances the overall limit for overseas investment by Alternative Investment Funds (AIFs)/Venture Capital Funds (VCFs) vide Circular dated May 21, 2021, IFSCA issues clarification on the criteria for Banking Units (“BUs”) to become Trading/Clearing members of IFSCA recognized Stock Exchanges vide Circular dated May 17, 2021 and critical judgements/orders passed during the week by NCLT, SEBI and High Court.

- Our weekly newsletter, covers all regulatory updates such as MCA provides list of E-forms for providing waiver of additional fees, SEBI introduces new reporting requirements on Environment, Social and Governance (“ESG”) parameters called the Business Responsibility and Sustainability Report (“BRSR”), SEBI outlines the procedure for seeking prior approval for change in control of SEBI registered Portfolio Managers in light of amendments brought forth by SEBI (Portfolio Managers) (Second Amendment) Regulations, 2021, RBI issues clarifications in relation to Sponsor Contribution to an AIF set up in Overseas Jurisdiction, including IFSCs, IFSCA issues guidelines for issuance of Certificate of Deposits (“CDs”) by Business Units (“BU’s”) and critical judgements/orders passed during the week by NCLT, SEBI, High Court and Supreme Court.

- Our weekly newsletter, covers all regulatory updates such as MCA provides relaxations on levying additional fees on filing of certain Forms under the Companies Act, 2013 and LLP Act, 2008 vide General Circular No 06/2021 dated May 03, 2021, MCA provides relaxations in timeline for filing forms related to creation or modification of charges under Companies Act, 2013 vide General Circular No 07/2021 dated May 03, 2021 MCA extends time gap for holding of board meeting under Section 173 Companies Act, 2013 vide General Circular No 08/2021 dated May 03, 2021, MCA Provides Clarification on spending of Corporate Social Responsibility (“CSR”) funds for ‘creating health infrastructure for COVID care’, ‘establishment of medical oxygen generation and storage plants’ vide General Circular No 09/2021 dated May 05, 2021, SEBI allows relaxations in timelines for compliance with regulatory requirements by Debenture trustees vide Circular dated May 03, 2021, SEBI amends SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 vide Gazette Notification dated May 05, 2021, SEBI amends SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 vide Gazette Notification dated May 05, 2021, SEBI amends SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 vide Gazette Notification dated May 05, 2021, SEBI amends SEBI (Intermediaries) Regulations, 2008 vide Gazette Notification dated May 05, 2021, SEBI amends SEBI (Alternative Investment Funds) Regulations, 2012 vide Gazette Notification dated May 05, 2021, SEBI issues SEBI (Payment of Fees and Mode of Payment) (Amendments) Regulations, 2021 vide Gazette Notification dated May 05, 2021, IFSCA issues General and Specific Guidelines for Finance Companies (“FC”) and Finance Units (“FU”) on distribution of mutual funds and insurance products vide Circular dated May 03, 2021, FSCA issues Circular pertaining to Prudent Regulations and Activity Specific Guidelines for FC/FU vide Circular dated May 03, 2021 and critical judgements/orders passed during the week by NCLT, NCLAT, SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as SEBI standardizes and strengthens policies on Provisional Rating policies for Debt Instruments by Credit Rating Agencies (“CRAs”) vide Circular dated April 27, 2021, SEBI aligns the interest of Key Employees of the Asset Management Companies (“AMCs”) with the Unitholders of the Mutual Fund schemes vide Circular dated April 28, 2021, SEBI amends disclosure requirements for portfolios and performance of the scheme vide Circular dated April 29, 2021, SEBI grants relaxations from compliance with the SEBI (Listing Obligations Disclosure Requirements) Regulations, 2015 (“LODR”) due to the CoVID-19 pandemic vide Circular dated April 29, 2021, SEBI grants relaxations from compliance with certain provisions of the SEBI ((LODR) Regulations, 2015 / other applicable circulars due to the CoVID-19 pandemic vide Circular dated April 29, 2021, SEBI issues addendum to its Circular on “Relaxation in adherence to prescribed timelines issued by SEBI due to COVID 19” dated April 13, 2020 vide Circular dated April 29, 2021, SEBI relaxes timelines for compliance with regulatory requirements vide Circular dated April 29, 2021, SEBI modifies the timelines for updation of Scheme Information Document (“SID”) and Key Information Memorandum (“KIM”) vide Circular dated April 30, 2021, RBI issues guidelines for Appointment of SCAs/SAs of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs) vide Notification dated April 27, 2021, IFSCA prescribes methods/framework for computation of regulatory capital for Finance Company’s (“FCs”) and Finance Units (“FUs”) vide Circular dated April 26, 2021, IFSCA issues guidelines for Banking Units (“BU”) offering Portfolio Management (“PMS”) and Investment Advisory Services (“IAS”) vide Circular dated April 26, 2021 and critical judgements/orders passed during the week by NCLT, NCLAT, SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as MCA issues clarification on spending of CSR funds for setting up makeshift hospitals and temporary COVID Care facilities vide General Circular No 05/2021 dated April 22, 2021, SEBI extends relaxations with respect to procedural matters related to Issues and Listing pertaining to Rights Issue vide Circular dated April 22, 2021, RBI constitutes a Committee on functioning of ARCs and to review regulatory guidelines applicable to them vide Press Release dated April 19, 2021and critical judgements/orders passed during the week by NCLT, SEBI High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as Central Government amends Section 4 of the Insolvency and Bankruptcy Code, 2016 relating to minimum amount of default for matters relating to pre-packaged insolvency resolution process of corporate debtor, Central government issues the Insolvency and Bankruptcy (Pre-packaged Insolvency Resolution Process) Rules, 2021, SEBI reviews and revises Reporting Formats for Mutual Funds, SEBI issues guidelines on warehousing norms for agricultural/agri-processed goods and non-agricultural goods (only base/industrial metals) underlying a commodity derivatives contract having physical delivery, IBBI amends issues The Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017, IFSCA issues International Financial Services Centres Authority (Market Infrastructure Institutions) Regulations, 2021 and critical judgements/orders passed during the week by NCLT, SEBI High Court and Supreme Court.

We are happy to share with you the 1st Edition of our newsletter for the year 2021-22. In this week’s newsletter, we bring you updates from various regulatory authorities and critical judgements/orders passed by various authorities / courts. Below is the gist of the key Circulars/Notifications and Amendments from various regulatory authorities for this week.

Our weekly newsletter, covers all regulatory updates such as MCA further amends the Companies (Accounts) Rules, 2014 vide Gazette Notification dated April 01, 2021, MCA further amends the Companies (Audit and Auditors) Rules, 2014 vide Gazette Notification dated April 01, 2021, SEBI issues guidelines pertaining to surrender of Foreign Portfolio Investors (FPI) registration vide Circular dated March 30, 2021, SEBI repeals the Securities and Exchange Board of India (Underwriters) Regulations, 1993 vide Gazette Notification dated March 30, 2021, SEBI amends the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992 vide Gazette Notification dated March 30, 2021, SEBI amends the Securities and Exchange Board of India (Stock Brokers) Regulations, 1992 vide Gazette Notification dated March 30, 2021, SEBI reduces timelines for refund of the monies to the investors in case of non-receipt of minimum subscription vide Circular dated March 31, 2021, IFSCA issues International Financial Services Centers Authority (Finance Company) Regulations, 2021, IFSCA amends International Financial Services Centers Authority (Banking) Regulations, 2020 and critical judgements/orders passed during the week by NCLT, SEBI High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as MCA notifies commencement of certain sections of the Companies (Amendment) Act, 2020 (No, 29 of 2020) vide Gazette Notification dated March 24, 2021, MCA amends Companies (Audit and Auditors) Rules, 2014 in relation to disclosures vide Gazette Notification dated March 24, 2021, MCA amends Companies (Accounts) Rules, 2014 in relation to Books of accounts maintained in electronic format vide Gazette Notification dated March 24, 2021 and MCA Amends Schedule III of the Companies Act pertaining to general instructions for preparation of Balance sheet and Profit and Loss Account vide Notification dated March 24, 2021, SEBI issues detailed guidelines on Business Continuity Plan (“BCP”) and Disaster Recovery (“DR”) of Market Infrastructure Institutions (“MIIs”) vide Circular dated March 22, 2021, SEBI issues clarification on the valuation of bonds issued under Basel III framework vide Circular dated March 22, 2021, SEBI reviews delivery default norms vide Circular dated March 23, 2021. SEBI issues clarification on transfer of shareholdings among immediate relatives and transmission of shareholdings and their effect on change in control vide Circular dated March 25, 2021, SEBI issues clarification on transfer of business by SEBI registered intermediaries to other legal entity vide Circular dated March 26, 2021, SEBI takes decisions at its Board meeting on various amendments in multiple regulations vide Circular dated March 25, 2021 and critical judgements/orders passed during the week by NCLT, SEBI and High Court.

- Our weekly newsletter, covers all regulatory updates such as MCA issues commencement notification for certain sections of the Companies (Amendment) Act, 2020 (No 29 of 2020), MCA amends Schedule V of the Companies Act, 2013 relating to remuneration, Central Government establishes a Central Scrutiny Centre (CSC) for carrying out scrutiny of Straight Through Processes (STP) e-forms filed by the companies under the Act and the rules made thereunder, SEBI streamlines the process of IPOs with Unified Payment Interface (UPI) in Application supported by Blocked Amount (ASBA) and redressal of investor grievances, Government of India issues clarification on Downstream Investments vide Press Note No 1 (2021 series), IBBI issues guidelines on reporting of status of ongoing Corporate Insolvency Resolution Process (CIRP) and critical judgements/orders passed during the week by NCLT, SEBI and High Court.

Our weekly newsletter, covers all regulatory updates such as SEBI amends provisions on Unique Client Code (UCC) and mandatory requirement of Permanent Account Number (PAN) vide Circular dated March 08, 2021, SEBI reviews norms regarding investment in debt instruments with special features and issues clarification on valuation of perpetual bonds vide Circular dated March 10, 2021, SEBI rolls out Legal Entity Template for Legal Entities (LE) for uploading the KYC records with the Central KYC Records Registry (CKYCR) vide Circular dated March 10, 2021, SEBI issues additional guidelines for votes cast by Mutual Funds (MF) and critical judgements passed during the week by NCLT, SEBI, High Court and Supreme Court

Our weekly newsletter, covers all regulatory updates such as MCA amends Companies (Management and Administration) Rules, 2014 by adding new forms for filing of annual returns for One Person Company and Small Company, MCA amend the Companies (Incorporation) Rules, 2014, MCA notifies commencement of provisions of (Companies Amendment) Act, 2017, SEBI issues Master Circular on surveillance of securities market, SEBI directs applicability of Code of Conduct and Institutional Mechanism for prevention of fraud or market abuse to Stock Exchanges, Clearing Corporations and Depositories, SEBI issues modifications in various circulars issued under Mutual Funds Regulations, SEBI extends the timeline for conducting meeting(s) of unitholders of REITs and InvITs through Video Conferencing (VC) or through other audio-visual means (OAVM) facility, RBI issues relaxations with respect to FPI investments in Non-Convertible Debentures (“NCDs”)/bonds which are under default, IBBI amends the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 and critical judgements passed during the week by NCLT, SEBI, High Court and Supreme Court

Our weekly newsletter, covers all regulatory updates such as MCA amends Companies (Specification of definitions details) Rules, 2014, SEBI imposes Pre-expiry Margin on commodities under the Alternate Risk Management Framework, IFSCA enacts mechanism for recognition of a Custodian of Assets/Securities and critical judgements passed during the week by NCLT, SEBI, High Court and Supreme Court.

ur weekly newsletter, covers all regulatory updates such as SEBI takes decisions on various Regulations, RBI permits resident individuals to make remittances under Liberalised Remittance Scheme (LRS) to International Financial Services Centres (IFSCs) set up in India under the Special Economic Zone Act, 2005, RBI issues Master Direction on Non-Banking Financial Company – Housing Finance Company and critical judgements passed during the week by SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as MCA amends the Producer Companies (General Reserve) Rules, 2003 by notifying various forms for change of place of registered office of a Producer Company from one State to another and prescribes permissible investments that a Producer Company shall make from and out of its general reserves, MCA amends the Companies (Share Capital and Debentures) Rules,2014 be reducing the minimum timeframe which companies can provide to shareholders to accept an offer for further issue of shares (Right Issue) from 15 days to 7 days. SEBI issues revised disclosure formats under SEBI (Prohibition of Insider Trading) Regulations, 2015. The disclosure formats have been revised considering amendments to the PIT Regulations effecting the inclusion of member of the promoter group, and designated person in place of employee. RBI releases guidelines on Investment in Non-Banking Financial Company (“NBFCs”) from Financial Action Task Force (“FATF”) non-compliant jurisdictions. Investors in existing NBFCs holding their investments prior to the classification of the source or intermediate jurisdiction/s as FATF non-compliant, may continue with the investments or bring in additional investments as per extant regulations so as to support continuity of business in India. New investors from or through non-compliant FATF jurisdictions, whether in existing NBFCs or in companies seeking Certification of Registration (COR), should not be allowed to directly or indirectly acquire ‘significant influence’ in the investee, as defined in the applicable accounting standards and critical judgements passed during the week by NCLT, SEBI, High Court and Supreme Court

Our weekly newsletter, covers all regulatory updates such as MCA amends the Companies (Specification of Definitions Details) Rules, 2014, MCA amends the Companies (Incorporation) Rules, 2014, MCA amends Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, MCA initiates process of De-criminalization of Compoundable offence under Limited Liability Partnership Act, 2008 (“LLP Act, 2008”), SEBI prescribes setting up of Limited Purpose Clearing Corporation (“LPCC”) by Asset Management Companies (“AMCs”) of Mutual Funds, SEBI prescribes revised framework for Innovation Sandbox, overview of budget 2021 from corporate and regulatory perspective, and critical judgements passed during the week by NCLT, SEBI, High Court and Supreme Court.

Our weekly newsletter, covers regulatory updates such as MCA amends the Companies (Incorporation) Rules, 2014 and MCA provides relaxation on levy of additional fees in filing for e-forms AOC-4, AOC-4 (CFS), AOC-4 XBRL and AOC-4 Non-XBRL for the year ended March 31, 2020 and critical judgements passed during the week by NCLT, SEBI and High Court .

Our weekly newsletter, covers all regulatory updates such as MCA amends the Companies (Corporate Social Responsibility Policy) Rules, 2014, SEBI extends relaxations from strict enforcement of certain Regulations of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, pertaining to Rights Issue opening, SEBI further amends Securities and Exchange Board of India (Intermediaries) Regulations, 2008, IFSCA issues clarifications for maintenance of Solvency Margin for IFSC Insurance Offices (IIOs) and critical judgements passed during the week by NCLT, SEBI and High Court .

Our weekly newsletter, covers all regulatory updates such as MCA includes awareness campaigns/programmes or public outreach campaigns on COVID-19 Vaccination programmes to be an eligible CSR activity under Schedule VII of the Companies Act, 2013. ? MCA Provides extension for holding Annual General Meeting (“AGM”) to those due to be held in the year 2020, or become due in 2021, to conduct AGMs through VC or other audio visual means (“OAVM”) till December 31, 2021 through Video Conferencing (“VC”), MCA introduces scheme of condonation of delay for companies restored on the register of companies between December 1, 2020 and December 31, 2020, under Section 252 of Companies Act, 2013. SEBI amends Securities and Exchange Board of India (Investment Advisers) Regulations 2013 by amending eligibility criteria for Investment Advisers and registration/application fees. Continuing with SEBI’s endeavor to develop the commodity derivatives market and in consultation with the stock exchanges SEBI revises the Daily Price Limits (DPL) for Commodity Futures Contracts which shall come into effect from April 1, 2021. IBBI amends (Model Bye- Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 by introduction of new criteria of Composition of the Governing Board and by introduction of new Regulations thereof and critical judgements passed during the week by NCLT, SEBI and High Court .

Our weekly newsletter, covers all regulatory updates such as SEBI issues directions regarding refund of security deposit on surrender of membership by Trading Members, RBI issues Directions for Legal Entity Identifier (LEI) for Large Value Transactions in Centralised Payment Systems, IBBI notifies time period for retention of records pertaining to Corporate Insolvency Resolution Process (CIRP) and critical judgements passed during the week by NCLT, SEBI and High Court .

Our weekly newsletter, covers all regulatory updates such as MCA extends the timeline to conduct Board meetings through video conferencing or other audio visual means, MCA extends timelines to conduct their Extraordinary General Meetings through Video Conferencing or Other Audio-Visual means or transact items through postal ballot in accordance with the framework provided vide General Circular 39/2020 dated December 31, 2020, SEBI issues Procedural Guidelines for Proxy Advisors in modification of its earlier Circulars vide Circular dated December 31, 2020, SEBI extends the timeline for applicability of Net Asset Value (NAV) across various schemes upon realization of funds vide Circular dated December 31, 2020, SEBI extends timeline for implementation for creation of Security in issuance of listed debt securities and ‘due diligence’ by debenture trustee(s), IFSCA issues directions for implementation for Transfer of assets through loan participation agreement by Banking Units (“BUs”) under IFSC (Banking) Regulations, 2020 and critical judgements passed during the week by NCLT, SEBI and High Court

Our weekly newsletter, covers all regulatory updates such as MCA notifies 17 provisions of the Companies (Amendment) Act, 2020, MCA amends Companies (Incorporation) Rules, 2014 and introduces extension of Name reservation in certain cases by the Registrar and it also amends Companies (Share Capital and Debentures) Rules, 2014, SEBI reviews inclusion of Historical Scenarios in Stress Testing in Commodity Derivatives Segment, Central Government notifies further period of three months under Section 10A: Suspension of initiation of corporate insolvency resolution process, IFSCA issues instructions and clarifications on circulars issued under the IFSC (Banking) Regulations, 2020 and critical judgements passed during the week by NCLT, SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as MCA amends the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, SEBI relaxes timelines for compliance with regulatory requirements, Reserve Bank announces opening of Second Cohort under the Regulatory Sandboxand critical judgements passed during the week by NCLT, SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as EBI enables e-Voting facility provided by Listed Entities to all the Demat account holders, by way of a single login credential, through their demat accounts/ websites of Depositories/ Depository Participants, Ministry of Finance amends the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 and critical judgements passed during the week by NCLT, NCLAT, SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as MCA further relaxes additional fees and extends last date of filing of CRA-4 (form for filing cost audit report) for Financial year 2019-20 under the Companies Act, 2013, SEBI relaxes timelines for compliance with regulatory requirements and it also lays down operational guidelines for Transfer and Dematerialization of re-lodged physical shares and critical judgements passed during the week by NCLT, SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as SEBI introduces Unified Payments Interface (UPI) mechanism and application through Online interface and Streamlining the process of Public issues of securities under various regulations, SEBI issued Consultative Paper on Re-Classification of promoter(s) / promoter group entities and disclosure of the promoter group, SEBI launches Securities Market Trainers (SMARTs) Program – a new SEBI initiative for enhancing Investor Education activities. RBI prohibits establishment of Branch Office (BO) / Liaison Office (LO) / Project Office (PO) or any other place of business in India by foreign law firms. and critical judgements passed during the week by NCLAT, SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as SEBI amends guidelines for preferential issue and institutional placement of units by a listed Infrastructure Investment Trusts (“InvITs”), SEBI lays down a uniform structure for imposing fines for non-compliance with provisions related to continuous disclosure requirements, RBI issues amendments in Directions / Notifications / Circulars on Compounding of Contraventions under Compounding of Contraventions under FEMA, 1999, RBI issues list of discontinued returns/reports under FEMA 1999 and critical judgements passed during the week by NCLT, NCLAT, SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates such as MCA extends applicability of LLP settlement Scheme 2020, SEBI releases new guidelines on monitoring and disclosure by Debenture Trustee, Central Government amends the Foreign Contribution (Regulation) Rules 2011 and critical judgements passed during the week by NCLT, NCLAT, High Court.

Our weekly newsletter, covers all regulatory updates such as SEBI releases new guidelines on Creation of Security in issuance of listed debt securities and ‘Due Diligence’ by debenture trustee(s), SEBI releases new guidelines on rights issue of units by an unlisted Infrastructure Investment Trust (InvIT), RBI issues guidelines on Co-Lending by Banks and NBFCs to Priority Sector, Government of India (Ministry of Communications) issues liberalized guidelines to improve ease of doing business for Business Process Outsourcing (BPO) and IT Enabled Services and critical judgements passed during the week by NCLT, NCLAT, SEBI, High Court & Supreme Court.

Our weekly newsletter, covers all regulatory updates such as notice issued by MCA regarding provision related to Nidhi Companies, release of FAQ’s on Portfolio Managers by SEBI, amendment to Prohibition of Insider Trading Regulations, amendment to Foreign exchange derivative contracts regulations by RBI, regulatory frame work for listing of depository receipts prescribed by International Financial Services Centers Authority and critical judgements passed during the week by NCLT, NCLAT, SEBI, High Court & Supreme Court.

Our weekly newsletter, covers all regulatory updates such as relaxation of residency requirement by MCA, SEBI issues additional guidelines on utilization of funds from the fee foregone by SEBI, amendment to the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003, amendment to SEBI (Alternative Investment Funds) Regulations, 2012, RBI revises regulatory framework for Housing Finance Companies (HFCs), RBI eases and enhances the Digital payment transactions by streamlining the QR Code infrastructure, Central Government amends the Patents Rules, 2003 and critical judgements passed during the week by NCLAT, SEBI and High Court.

Our weekly newsletter, covers all regulatory updates such as amendment of the Companies (Prospectus and allotment of Securities) Rules 2014, Standardization of procedure to be followed by Debenture Trustee(s) in case of ‘Default’ by Issuers of listed debt securities as prescribed by SEBI, Clarification on Foreign Direct Investment (FDI) Policy for uploading/streaming of news and current affairs through Digital media and critical judgements passed during the week by NCLT, SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates including amendments to SEBI Issue and listing of debt securities regulation, 2015, SEBI LODR Regulations 2015, SEBI debenture trustee regulations, revised FAQs on prohibition of insider trading regulations, amendment to foreign contribution regulation act and critical judgements passed during the week by NCLT, NCLAT, SEBI, High Court and Supreme Court

Our weekly newsletter, covers all regulatory updates including extension of CFSS, LLP settlement scheme and various other updates from MCA, SEBI issues Operating Guidelines for Investment Advisors, Recovery of assets and funds from a defaulting member and various other updates from SEBI and critical judgements passed during the week by NCLT, NCLAT SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates including passing of Companies (Amendment) Bill, 2020, SEBI prescribes Alternate Risk Management Framework (“ARMF”) for the Commodity Derivatives Segment, SEBI issues operational guidelines for Foreign Portfolio Investors ("FPIs") and Designated Depository Participants ("DDPs"), circular for Trustee of Mutual funds and various other updates from SEBI, updates from IBBI and critical judgements passed during the week by NCLT, SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates including clarification issued by SEBI on permitting listing and trading of units of Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) on recognized stock exchanges in International Financial Services Centers (IFSC), circular on Mutual funds, updates from RBI, IBBI and DPIIT and critical judgements passed during the week by NCLT, SEBI, High Court and Supreme Court.

Our weekly newsletter, covers all regulatory updates including relaxations for start-ups by MCA under deposit rules, extension for filing cost audit report, extension of timeline to hold AGM by ROC and critical judgements passed during the week by NCLT, NCLAT, SEBI and High Court

Our weekly newsletter, covers all regulatory updates including temporary relaxations provided by SEBI to FPIs, valuation guidelines by IBBI and critical judgements passed during the week by NCLT, NCLAT and SEBI

Our weekly newsletter, covers all regulatory updates including amendments in CSR rules by MCA, Master circular on Mutual Funds by SEBI, amendments in IFSC guidelines by SEBI, clarification on new definitions by RBI of Micro, Small and medium enterprises and critical judgements passed during the week by NCLT and SEBI

Our weekly newsletter, covers all regulatory updates including extension of AGM by MCA, consultation paper by SEBI on Format for Business Responsibility & Sustainability Reporting and critical judgements passed during the week by NCLT, NCLAT, SEBI

Our weekly newsletter, covers all regulatory updates including committee report on Business Responsibility Reporting released by MCA, handling of SCORES complaints by stock exchanges and Standard Operating Procedure for non-Redressal of grievances, new guidelines in various areas for Core Investment Companies by RBI, updated by IBBI and critical judgements passed during the week by NCLT, High Court and faceless assessment scheme by CBDT

Our weekly newsletter, covers all regulatory updates including procedural guidelines for proxy advisors,  amendments in LODR, updates by RBI and critical judgements passed during the week by NCLT, NCLAT, SEBI and High Court

Our weekly newsletter, covers all regulatory updates including covid related relaxations provided by SEBI, extension of timeline for submission of financials results, amendments to NDI regulations and critical judgements passed during the week by NCLT, SEBI and High Court

Our weekly newsletter, covers all regulatory updates including introduction of accounting standard by MCA, SEBI press release, changes in SEBI insider trading regulations and critical judgements passed during the week by Supreme Court, High Court and NCLT